224 S Greenwood Avenue, Montebello, California 90640, Montebello, 90640 - bed, bath

224 S Greenwood Avenue, Montebello, California 90640 home-pic-0
ACTIVE$1,100,000
224 S Greenwood Avenue, Montebello, California 90640
0Bed
0Bath
2,226Sqft
6,741Lot
Year Built
1929
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
PW25157371
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(85th), sqft - 2226(46th), beds - undefined(50th), baths - undefined(50th).

Now Delivered Fully Vacant! – Turnkey Triplex in the Heart of Montebello! Welcome to 224 S Greenwood Ave, a beautifully upgraded and thoughtfully reimagined property offering three fully independent living spaces on one lot. Recently converted from a single-family residence into a modern duplex plus a brand-new detached ADU, this is a rare investment opportunity with built-in income and owner-user potential. The duplex consists of fully remodeled two side-by-side units, each offering 2 bedrooms and 1 bathroom, designed with bright, functional floorplans and tasteful updates. Each with their own washer/dryer hookups, separate gas and electric meters. Tucked privately at the rear of the property is a spacious, detached brand new ADU featuring 2 bedrooms, 1 bathroom, and approximately 750 square feet of living space and in-unit washer/dryer hookups. With no shared walls and a separate entrance, it offers true privacy and comfort—ideal for owner-occupants or an additional rental. The ADU also has separate gas, electric, and water meters! A long driveway provides ample off-street parking, enhancing accessibility and convenience for all occupants. Centrally located in Montebello, you’re just minutes from shopping, dining, schools, and major freeways—positioning this property perfectly for both lifestyle and investment. Whether you're an investor seeking strong cash flow or a homeowner looking to live in one unit and rent the others, 224 S Greenwood Ave is a move-in-ready, income-generating gem.

Price History

Date
Event
Price
07/14/25
$1,100,000
02/23/24
Sold
$655,000
Condition Rating
Excellent

Despite being built in 1929, the property has been recently and extensively renovated, including fully remodeled duplex units and a brand-new detached ADU. The images confirm modern updates throughout, featuring new flooring, contemporary kitchen cabinets and countertops, updated bathrooms with new fixtures and tiling (including a walk-in shower in the ADU), and modern cooling/heating systems (mini-split AC). All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Immediate Income & Turnkey Investment: The property is delivered fully vacant and is a turnkey triplex, offering immediate income potential and flexibility for owner-occupancy or full rental.
Extensive Modern Upgrades & New ADU: Features a recently converted and fully remodeled duplex, complemented by a brand-new detached ADU, significantly reducing immediate renovation needs for a buyer.
Independent Utilities & Privacy: Each unit, including the ADU, boasts separate utility meters (gas, electric, water for ADU; gas/electric for duplex units) and individual washer/dryer hookups, ensuring tenant independence and simplified management.
Ample Off-Street Parking: A long driveway provides significant off-street parking, a valuable amenity in a dense urban environment like Montebello.
Desirable Central Location: Strategically located in Montebello, offering convenient access to shopping, dining, schools, and major freeways, enhancing its appeal to potential tenants.

Cons

Age of Original Construction: Built in 1929, the property's original structure is nearly a century old, which may imply potential for age-related maintenance issues despite recent upgrades.
Limited Individual Outdoor Space: While the lot size is decent, the configuration as a triplex with a long driveway may result in limited private outdoor space for each of the three independent units.
Unspecified HVAC Systems: The description highlights extensive upgrades but does not explicitly mention the presence or type of heating and cooling systems (e.g., central AC) for all units, which could be a concern for tenant comfort.

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