2436 & 2438 W Repetto Avenue, Montebello, California 90640, Montebello, 90640 - bed, bath

2436  home-pic-0
ACTIVE$858,888
2436 & 2438 W Repetto Avenue, Montebello, California 90640
0Bed
0Bath
1,358Sqft
5,062Lot
Year Built
1949
Close
-
List price
$859K
Original List price
$859K
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
CV25107253
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $858.9K(46th), sqft - 1358(8th), beds - undefined(50th), baths - undefined(50th).

Exceptional Investment Opportunity!! Presenting a rare chance to acquire a well-maintained duplex in Montebello. This property provides a unique investment opportunity in a sought-after location. Each unit is separately metered for electricity and gas, offering tenants control over their utilities. Both units include their own detached single-car garage, providing secure parking and additional storage. The roof was replaced in May 2018, ensuring durability and minimizing future maintenance concerns. Units feature laundry hookups, gas wall heaters in the living rooms, and recently updated kitchens with modern cabinets and countertops and new dual pane windows. Located just 1.3 miles from the Montebello/Commerce Metrolink Station, offering convenient public transportation options. Easy access to major freeways including the 60, 5, and 710, facilitating efficient commuting and travel. This property offers strong rental income potential with its desirable location and well-maintained units. Detached garage can be converted into an ADU for additional income. Whether you're an experienced investor or looking to enter the rental market, 2436 & 2438 W Repetto Ave presents a compelling opportunity.

Price History

Date
Event
Price
04/11/24
Sold
$735,000
Condition Rating
Fair

Built in 1949, this duplex shows a significant disparity in condition between its two units. While the roof was replaced in 2018 and new dual-pane windows were installed throughout, only one unit appears to have undergone a recent, modern interior renovation with updated kitchen cabinets, countertops, wood-look flooring, recessed lighting, and a mini-split AC. The second unit, however, features an outdated kitchen with older cabinets, speckled countertops, an older range, worn carpet, and older light fixtures, indicating a need for substantial updates. The overall property is aged, and the inconsistent renovation levels, coupled with the lack of central cooling in at least one unit, place it in the 'Fair' category, requiring more than minor updates to bring both units to a consistent, modern standard.
Pros & Cons

Pros

Income Potential & ADU Conversion: The property offers strong rental income potential, with the added benefit of converting detached garages into ADUs for further income generation, maximizing investment returns.
Recent Major Updates: Significant capital improvements include a roof replacement in 2018, recently updated kitchens with modern finishes, and new dual-pane windows, reducing immediate maintenance concerns and enhancing tenant appeal.
Separate Utilities: Each unit is separately metered for electricity and gas, simplifying landlord responsibilities and ensuring tenants are accountable for their own utility consumption.
Convenient Location & Accessibility: Strategically located 1.3 miles from the Montebello/Commerce Metrolink Station and with easy access to major freeways (60, 5, 710), offering excellent commuting options for tenants.
Tenant Amenities: Each unit provides valuable tenant amenities such as laundry hookups and a detached single-car garage, offering secure parking and additional storage.

Cons

Lack of Cooling System: The property description only mentions gas wall heaters and does not indicate any cooling system, which could be a significant drawback for tenant comfort during warmer months in California.
Age of Property: Built in 1949, the property is older, which may lead to unforeseen maintenance issues with plumbing, electrical, or other systems not explicitly mentioned as updated, potentially requiring future capital expenditures.
Unit Size: With a total of 1358 sqft for two units, the individual units are likely on the smaller side, which could limit the tenant pool or command lower rental rates compared to properties with larger unit footprints.

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