525 N 3rd Street, Montebello, California 90640, Montebello, 90640 - 5 bed, 5 bath

525 N 3rd Street, Montebello, California 90640 home-pic-0
ACTIVE$1,350,000
525 N 3rd Street, Montebello, California 90640
5Beds
5Baths
3,365Sqft
6,800Lot
Year Built
1958
Close
-
List price
$1.35M
Original List price
$1.5M
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
OC25191867
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.35M(85th), sqft - 3365(77th), beds - 5(92th), baths - 5(92th).

Rare quadruplex opportunity in the heart of Montebello—available for the first time in over 40 years! Offering 3,365 sq. ft. of living space on a 6,800 sq. ft. lot, this pride-of-ownership property blends strong rental potential with recent upgrades. Recent Improvements include a new roof, and a fresh exterior paint job on both the building and garage structures, enhancing curb appeal and reducing near-term maintenance. On-site garage parking plus additional street parking adds convenience for residents. Public records reflect the property as a 4-unit dwelling. However, the property has functioned with 5 separate units during the sellers’ ownership. The sellers purchased the property in this condition and inherited the configuration as it exists today. All units are tenant occupied. This is an ideal opportunity for an owner-occupant—live in one unit while generating income from the others—or for an investor seeking consistent rents and appreciation in a high-demand market. Centrally located with easy access to the 605, 60, and 5 freeways, this property offers quick connections to Downtown Los Angeles (just 13 miles away). Families will love the nearby parks, zoo, athletic fields, and enjoy the benefits of being a part of the Montebello school district. Local attractions include the Citadel Outlets (4 miles), The Commerce Casino & Hotel (4 miles), and a vibrant dining scene highlighted by authentic Mexican and Latin American cuisine. Montebello’s rich cultural heritage and central location make it an exciting place to both live and invest. Don't miss out on this great opportunity!

Price History

Date
Event
Price
11/09/25
Price Change
$1,350,000-10.0%
09/17/25
Listing
$1,499,999
Condition Rating
Poor

The property was built in 1958, making it over 60 years old. While the exterior benefits from a new roof and fresh paint, there are no interior images provided, and the property analysis explicitly notes that 'interior systems (e.g., plumbing, electrical, HVAC) and unit finishes may be original or dated, potentially requiring significant future capital expenditures.' This strongly suggests that kitchens, bathrooms, flooring, and other interior components are likely very outdated and would require substantial repairs and rehabilitation to meet modern standards of comfort and functionality. The absence of interior photos for a multi-unit property of this age, coupled with the warning about dated systems, indicates that the interior condition is a significant weakness, pushing the overall score to 'Poor' despite the recent exterior improvements.
Pros & Cons

Pros

Strong Income Potential: Rare quadruplex opportunity, historically functioning as 5 units, all tenant-occupied, offering significant rental income for investors or an owner-occupant.
Recent Capital Improvements: Benefits from a new roof and fresh exterior paint on both the building and garage structures, reducing immediate maintenance costs and enhancing curb appeal.
Prime & Accessible Location: Centrally located in Montebello with excellent freeway access (605, 60, 5), providing quick connections to Downtown Los Angeles and proximity to major attractions and amenities.
Rare Market Opportunity: Available for the first time in over 40 years, indicating a stable, long-held asset in a high-demand market, suggesting potential for appreciation.
Convenient Parking: Offers both on-site garage parking and additional street parking, a valuable amenity for a multi-unit property and its residents.

Cons

Unit Configuration Discrepancy: Public records reflect a 4-unit dwelling, but the property has functioned as 5 units. This non-conforming use could lead to legal, permitting, or financing challenges.
Age of Property & Potential Systemic Updates: Built in 1958, the property is over 60 years old. While exterior updates are noted, interior systems (e.g., plumbing, electrical, HVAC) and unit finishes may be original or dated, potentially requiring significant future capital expenditures.
Tenant Occupancy Constraints: All units are tenant-occupied, which can complicate an owner-occupant's move-in plans, limit access for extensive renovations, or make it challenging to adjust rents to market rates immediately.

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