717 S Greenwood Ave Montebello, CA 90640
Property details
About 717 S Greenwood Ave
One-of-a-Kind Investor-Developer Opportunity in Montebello. Presenting a rare and exceptional investment opportunity in the heart of Montebello! This expansive, multi-use property offers immense potential for development, with a large Spanish-style residence, a vacant portion of the lot, and an income-producing triplex, all on one parcel. The main residence features a charming 3-bedroom, 2-bath layout with classic Spanish architectural details. It boasts a huge backyard with ample space for outdoor living, plus plenty of parking for vehicles or RVs—an ideal space for those seeking a private retreat or looking to expand the property. The property also includes a vast, vacant portion of the lot, offering prime space for future development. Whether you’re considering building additional dwellings, adding accessory dwelling units (ADUs), or exploring other development opportunities, the potential here is boundless. On the opposite side of the lot, includes a triplex generating steady rental income, providing immediate returns. Each unit has its own private outdoor patio, with a convenient 3-car garage and additional driveway space for parking. A shared laundry facility adds to the appeal for tenants and ensures low-maintenance operation. With its combination of residential charm, development-ready land, and income-producing units, this property represents a unique opportunity for visionary investors and developers. Whether you’re looking to expand the existing structures or embark on a larger-scale development project, the possibilities are endless. Don’t miss out on this rare opportunity in a prime Montebello location. Contact us today!
Highlights
Summary
- MLS Number: MB25037199
- MLS Name: CRMLS
- Office Name: WEDGEWOOD HOMES REALTY
- Office Phone: (323) 974-5868
- Listing Agent: RAY DURAN, JR.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/1/2025, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,699,000
717 S Greenwood Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2012 | Home Sold | $500,000 |
| Jul 18, 2007 | Home Sold | $1,150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $615,701 | $11,187 |
| 2023 | $603,630 | $11,116 |
| 2022 | $591,795 | $10,759 |
| 2021 | $580,192 | $10,357 |
| 2020 | $574,244 | $9,845 |
| 2019 | $562,986 | $9,786 |
| 2018 | $551,948 | $9,600 |
| 2017 | $541,127 | $9,600 |
History based on county public records data.
Nearby schools
4
Greenwood Elementary
Public District KG-5
0.3 mi
•900 S Greenwood Ave
6
Washington Elementary
Public District KG-5
1.0 mi
•1400 W Madison Ave
4
Fremont Elementary School
Public District KG-5
1.2 mi
•200 W Madison Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,302. Residents of Montebello, CA typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Popeyes
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
This home is located at 717 S Greenwood Ave in Montebello, CA and zip code 90640 in the The Southeast neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 22, 2025 and is currently priced at $1,699,000.
In January 2025 more than 8 listings in Montebello, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below. The inventory of homes for sale in Montebello, CA between December and January 2025 decreased by 1.9%. In January 2025 median list price was $819,995 and the average listing age was 35 days.