701 W Madison Avenue, Montebello, CA 90640
Local realty services provided by:CENTURY 21 Fort Bragg Realty
701 W Madison Avenue,Montebello, CA 90640
$2,300,000
- 9 Beds
- 8 Baths
- 5,693 sq. ft.
- Multi-family
- Active
Listed by: shant sherbetdjian
Office: remax commercial and investment realty
MLS#:25591067
Source:CRMLS
Price summary
- Price:$2,300,000
- Price per sq. ft.:$404
About this home
We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. Important to know, the SB721 has been completed, and the electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.
Contact an agent
Home facts
- Year built:1951
- Listing ID #:25591067
- Added:98 day(s) ago
- Updated:December 19, 2025 at 12:14 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Living area:5,693 sq. ft.
Structure and exterior
- Year built:1951
- Building area:5,693 sq. ft.
- Lot area:0.33 Acres
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$404
New listings near 701 W Madison Avenue
- New
$6,788,888Active52 beds 34 baths24,506 sq. ft.524 N Poplar Avenue, Montebello, CA 90640
MLS# 25628663Listed by: REMAX COMMERCIAL AND INVESTMENT REALTY - New
$775,000Active3 beds 2 baths1,438 sq. ft.341 Morris Place, Montebello, CA 90640
MLS# P1-25207Listed by: BERKSHIRE HATHAWAY HOME SERVIC - New
$1,249,000Active8 beds 4 baths415 S 6th, Montebello, CA 90640
MLS# DW25274699Listed by: MEXI REAL ESTAE - New
$1,249,000Active-- beds -- baths3,630 sq. ft.415 S 6th, Montebello, CA 90640
MLS# DW25274699Listed by: MEXI REAL ESTAE
$798,000Pending3 beds 2 baths1,321 sq. ft.717 N Sanchez, Montebello, CA 90640
MLS# CV25274213Listed by: K.W. EXECUTIVE- Open Sat, 11am to 2pmNew
$695,000Active2 beds 1 baths831 sq. ft.272 Maiden, Montebello, CA 90640
MLS# DW25272870Listed by: CENTURY 21 ALLSTARS - New
$1,343,000Active5 beds 3 baths2,250 sq. ft.575 Canterbury Way, Montebello, CA 90640
MLS# OC25272629Listed by: TOLL BROTHERS REAL ESTATE, INC - New
$1,343,000Active5 beds 3 baths2,250 sq. ft.575 Canterbury Way, Montebello, CA 90640
MLS# OC25272629Listed by: TOLL BROTHERS REAL ESTATE, INC - New
$1,550,000Active4 beds 4 baths3,095 sq. ft.418 Marlow Lane, Montebello, CA 90640
MLS# OC25271561Listed by: TOLL BROTHERS REAL ESTATE, INC - New
$1,550,000Active4 beds 4 baths3,095 sq. ft.418 Marlow Lane, Montebello, CA 90640
MLS# OC25271561Listed by: TOLL BROTHERS REAL ESTATE, INC