2912 W Via Acosta, Montebello, California 90640, Montebello, 90640 - bed, bath
ACTIVE$1,379,000
2912 W Via Acosta, Montebello, California 90640
0Bed
0Bath
3,659Sqft
5,999Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $1,379,000.
Key pros and cons
Top Pros:
Strong Income Generation: A quadruplex configuration with four distinct units (3-bed, two 1-bed, one 2-bed) offers significant rental income potential, explicitly marketed as an income-generating property.
Top Cons:
Property Age and Potential for Updates: Built in 1958, the property may require significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern tenant expectations and maximize rental value.
Compared to the nearby listings
Price:$1.38M vs avg $950.0K (+$429,000)85%
Size:3,659 sqft vs avg 2,974 sqft85%
Price/sqft:$377 vs avg $37750%
More Insights
Built in 1958 (67 years old).
Condition: Built in 1958, the property shows signs of regular upkeep and some cosmetic updates, particularly in the bathroom with modern vanity and fixtures. The kitchen features painted white cabinets, newer laminate countertops, and a modern sink/faucet, but retains an older gas range and a dated ceiling fan. The consistent wood-look laminate flooring throughout is a positive, but popcorn ceilings are visible. While clean and move-in ready, the property has not undergone an extensive, recent renovation to meet current quality standards across all units, and some elements like the kitchen appliances and ceiling texture are outdated, aligning with the 'Fair' condition criteria.
Year Built
1958
Close
-
List price
$1.38M
Original List price
$1.45M
Price/Sqft
$377
HOA
-
Days on market
-
Sold On
-
MLS number
PW25097906
Home ConditionFair
Features
Pool
Patio
View-
About this home
Don't miss out on this rare chance to own a fantastic income-generating property in a prime location. Live in the spacious front unit, featuring 3 bedrooms, 2 bathrooms, its own driveway, and a two-car garage. Enjoy the convenience and comfort of this large unit while collecting substantial rental income from the three additional units located behind. The property includes 4 units total a Three bedroom two bath home, two 1-bedroom units and one 2-bedroom, 1-bath unit, each with its own garage. With no rent control, you have the freedom to maximize your rental income potential. Conveniently located 9 miles from Downtown Los Angeles, this property offers easy access to city amenities while providing a peaceful living environment. Seize this exceptional opportunity to invest in a property that offers both comfortable living and lucrative rental income. Properties like this don't come around often!
Price History
Date
Event
Price
07/31/01
Sold
$359,000
02/27/04
Sold
$623,000
Condition Rating
Fair
Built in 1958, the property shows signs of regular upkeep and some cosmetic updates, particularly in the bathroom with modern vanity and fixtures. The kitchen features painted white cabinets, newer laminate countertops, and a modern sink/faucet, but retains an older gas range and a dated ceiling fan. The consistent wood-look laminate flooring throughout is a positive, but popcorn ceilings are visible. While clean and move-in ready, the property has not undergone an extensive, recent renovation to meet current quality standards across all units, and some elements like the kitchen appliances and ceiling texture are outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Income Generation: A quadruplex configuration with four distinct units (3-bed, two 1-bed, one 2-bed) offers significant rental income potential, explicitly marketed as an income-generating property.
Owner-User Investment Opportunity: The spacious 3-bedroom front unit with its own driveway and two-car garage provides an ideal scenario for an owner-occupant to live comfortably while benefiting from rental income from the other three units.
Exemption from Rent Control: The absence of rent control allows for maximum flexibility in adjusting rental rates, optimizing income potential in the Montebello market.
Strategic Urban Proximity: Located just 9 miles from Downtown Los Angeles, offering convenient access to major employment centers, entertainment, and amenities, enhancing tenant appeal and property value.
Individual Garages for All Units: Each unit having its own dedicated garage is a highly desirable amenity, providing secure parking and storage, which adds significant value for tenants and improves rentability.
Cons
Property Age and Potential for Updates: Built in 1958, the property may require significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern tenant expectations and maximize rental value.
Increased Management Demands: Operating a quadruplex inherently involves greater time commitment and complexity for maintenance, tenant relations, and lease administration compared to single-unit or duplex properties.
Limited Information on Unit Condition: The description lacks specific details on the interior condition or recent upgrades of the individual rental units, suggesting potential for varying states of repair or outdated finishes that may require immediate attention post-purchase.