1601 W Los Angeles Avenue, Montebello, California 90640, Montebello, 90640 - 2 bed, 1 bath
ACTIVE$690,000
1601 W Los Angeles Avenue, Montebello, California 90640
2Beds
1Bath
1,064Sqft
5,420Lot
Price Vs. Estimate
The estimated value ($480,072.96) is $209,927.04 (30%) lower than the list price ($690,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Nestled in a highly desirable neighborhood, minutes from freeways, shopping, and dining, offering convenience and excellent community.
Top Cons:
Condition Requires Renovation: Described as a 'light fixer,' indicating the property requires immediate updates and renovations, adding to the buyer's initial investment.
Compared to the nearby listings
Price:$690.0K vs avg $840.0K ($-150,000)14%
Size:1,064 sqft vs avg 1,524 sqft15%
Price/sqft:$648 vs avg $54883%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is described as a 'light fixer' and the images reveal extremely dated conditions in the kitchen and bathroom, requiring full renovation. The kitchen features original-era cabinets, countertops, and appliances, while the bathroom shows very old fixtures and tiling. The property's age suggests major systems (plumbing, electrical, HVAC) are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern standards of safety, comfort, and efficiency. While not unlivable, it requires significant investment beyond minor updates.
Year Built
1952
Close
-
List price
$690K
Original List price
$690K
Price/Sqft
$648
HOA
-
Days on market
-
Sold On
-
MLS number
DW25056375
Home ConditionPoor
Features
Patio
View-
About this home
Charming Montebello Home – Investor’s Dream! Welcome to 1601 Los Angeles St, Montebello, CA! This 2-bedroom, 1-bath home spans 1,064 sq. ft. and is nestled in a highly desirable neighborhood known for its friendly community and excellent location. Just minutes from freeways, shopping, and dining, this home offers both convenience and potential! Featuring a spacious family room, a detached garage, and a generous lot, this property is perfect for investors or buyers looking to add their personal touch. A light fixer, this home presents an exciting value-add opportunity with endless possibilities. Don't miss out on this rare find—an ideal investment or starter home in a fantastic location! Schedule a showing today!
Price History
Date
Event
Price
10/18/24
Sold
$650,000
Condition Rating
Poor
Built in 1952, this property is described as a 'light fixer' and the images reveal extremely dated conditions in the kitchen and bathroom, requiring full renovation. The kitchen features original-era cabinets, countertops, and appliances, while the bathroom shows very old fixtures and tiling. The property's age suggests major systems (plumbing, electrical, HVAC) are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern standards of safety, comfort, and efficiency. While not unlivable, it requires significant investment beyond minor updates.
Pros & Cons
Pros
Prime Location: Nestled in a highly desirable neighborhood, minutes from freeways, shopping, and dining, offering convenience and excellent community.
Investment Potential: Marketed as an 'Investor’s Dream' and 'light fixer,' presenting a significant value-add opportunity for renovation and customization.
Generous Lot Size: A generous 5,420 sq. ft. lot provides ample space for potential expansion, landscaping, or future ADU development (subject to zoning).
Detached Garage: Includes a detached garage, offering versatile options for parking, storage, or potential conversion.
Spacious Family Room: Features a spacious family room, enhancing the living space and comfort for residents.
Cons
Condition Requires Renovation: Described as a 'light fixer,' indicating the property requires immediate updates and renovations, adding to the buyer's initial investment.
Potentially Overpriced: The listing price of $690,000 is significantly above the estimated property value of approximately $480,073, suggesting it may be overpriced for its current condition.
Age of Property & Systems: Built in 1952, the home is over 70 years old, likely necessitating updates to major systems (e.g., plumbing, electrical, HVAC) to meet modern standards and efficiency.