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

525 N 3rd Street, Montebello, California 90640 home-pic-0
ACTIVE$1,350,000
525 N 3rd Street, Montebello, California 90640
0Bed
0Bath
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
OC25195061
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.35M(85th), sqft - 3365(77th), beds - undefined(50th), baths - undefined(50th).

Rare quadruplex opportunity in the heart of Montebello—available for the first time in over 40 years! This pride-of-ownership property offers 3,365 sq. ft. of living space on a 6,800 sq. ft. lot, blending strong rental potential with recent upgrades including a new roof and fresh exterior paint on both the building and garage structures, enhancing curb appeal and reducing maintenance needs. The property provides on-site garage parking plus additional street parking for convenience. Public records reflect the property as a 4-unit dwelling; however, it has functioned with 5 separate 1-bedroom, 1-bath units throughout the sellers’ ownership. The sellers purchased the property in this condition and maintained the current configuration. All five units are tenant-occupied, making this an ideal opportunity for an owner-occupant to live in one unit while generating income from the others or for an investor seeking consistent rents and long-term appreciation. Families will appreciate the nearby parks, zoo, athletic fields, and inclusion within the Montebello school district.

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

While the exterior benefits from a new roof and fresh paint, the property was built in 1958, and there is no mention of recent interior renovations. The description indicates the current configuration has been maintained for over 40 years, and the property analysis explicitly notes 'Age-Related Maintenance' for major systems like plumbing, electrical, and HVAC. This strongly suggests that the kitchens and bathrooms are significantly outdated in style and features, likely requiring substantial rehabilitation and modernization to meet current standards.
Pros & Cons

Pros

Rare Multi-Unit Offering: This quadruplex, functioning as 5 units, is available for the first time in over 40 years, presenting a unique and rare investment opportunity in Montebello.
Immediate & Consistent Income: All five units are currently tenant-occupied, ensuring immediate rental income and strong cash flow potential for investors from day one.
Recent Capital Upgrades: Significant recent improvements, including a new roof and fresh exterior paint on both the building and garage, enhance curb appeal and reduce immediate maintenance liabilities.
Flexible Investment Strategy: The property caters to both owner-occupants seeking income-generating living arrangements and pure investors focused on consistent rents and long-term appreciation.
Desirable Location & Parking: Offers convenient on-site garage and additional street parking, coupled with proximity to local amenities like parks, a zoo, athletic fields, and inclusion within the Montebello school district.

Cons

Unpermitted Unit Discrepancy: Public records reflect the property as a 4-unit dwelling, while it has functioned with 5 units, posing potential legal, permitting, and compliance challenges for a buyer.
Recent Price Reduction: A notable price drop from the original listing price may suggest initial overvaluation or market resistance, warranting further due diligence on market comparables.
Age-Related Maintenance: Built in 1958, the property's age implies potential for future maintenance and system upgrades (e.g., plumbing, electrical, HVAC) beyond the recently completed cosmetic improvements.

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