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    701 W Madison Ave Montebello, CA 90640

    New
    For Sale
    $2,300,000

    MULTI_FAMILY - Montebello, CA

    Property size:
    5,693 SF
    Lot size:
    0.17 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 701 W Madison Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MNR3YY
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 6, Bedroom 9, Bedroom 8, Bedroom 5
    Bedrooms
    9
    Bathrooms
    8
    APN
    6346-012-001
    Parking
    8
    Parking features
    Garage
    Size
    5,693 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    8

    RE/MAX Commercial & Investment (310) 802-2500 [email protected]

    Listing agent Shant Sherbetdjian (213) 817-1000 License #01713570

    Listing date Dec 9, 2025

    MLS# 25591067 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montebello Multifamily Investment Opportunity

    This North Montebello property presents a rare investment opportunity, ideally located between Beverly Boulevard and Whittier Boulevard, providing residents with convenient access to shopping, dining, and community amenities. The property, meticulously maintained by the same family since 1987, is being offered for sale for the first time in 38 years. It features eight oversized units within two side-by-side fourplexes, offering spacious living accommodations. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management. The electrical panels have been fully upgraded. Situated on a prominent corner lot with an 80 Walk Score, the property has excellent curb appeal and is pedestrian-friendly. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions. The property consists of two separate fourplexes situated side by side, with a combined size of 5693 square feet on a lot of 0.169 acres. This property is zoned MNR3YY. This sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.106271
    Latitude
    34.013271

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    FAQs

    What type of property is this?
    Apartment building - Rare investment opportunity in North Montebello with eight oversized units.
    Where is this apartment building located?
    The property is located at 701 W Madison Ave Montebello, CA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Rare investment opportunity: First time on the market in 38 years, indicating a long-term, stable asset.; - Two side-by-side fourplexes on separate parcels: Offers potential for ADU development and flexible management.; - Units are separately metered for gas and electricity with individual water heaters: Reduces operating expenses and simplifies utility management.
    (213) 817-1000
    Request Owner's contact information
    701 W Madison Ave Montebello, CA 90640
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    Montebello, CA 90640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 W Madison Ave Montebello, CA 90640
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