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404 W Madison Ave, Montebello, CA 90640

Sale Price: $1,000,000
Sep 20, 20242,322 sqft5 beds2 baths
Listed by: TODD COLLINS
License #: 01397262
Phone #: 951-334-8702
Bon Vie Realty Group
Source:
CRMLS Logo
MLS #: IV24195929

Property Description

Rare Opportunity! Unique Dual-Unit Property on the Market for the First Time in Over 50 Years!!! Discover a truly rare gem! This unique and exclusive property, making its first appearance on the market in over five decades, offers incredible potential and versatility. Situated on a huge lot, this one-of-a-kind residence offers two units in one, perfect for multi-generational living or as an amazing income-generating investment property to add to your portfolio. With two separate addresses (404 W Madison and 404 1/2 W Madison) for mail and utility billing, you can easily rent out one or both units, offering incredible flexibility for homeowners or investors. The front dwelling offers a single story, two bed/two bathroom while the rear of the home offers 2 bedrooms with a bonus room and one and a half baths. The home can be used as a single family residence, a next-gen home offering additional family members privacy and independent living, or as a multi-unit generating multiple rental income streams. The backyard offers privacy and parking for multiple vehicles or recreation! Unwind in your own personal jacuzzi with a private cabana, adding a touch of luxury to this unique home. Truly must be seen in person to be fully appreciated! The property is ideally located close to shopping, dining, and downtown, combining convenience with the rare chance to own a truly uniquely special home. This is a rare opportunity to own a property with endless potential—don't miss out!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,870

TurboHome Estimated Value

$1,004,000

$432 sqft

High Valuation
$1,054,200
$454/sqft
Normal Valuation
$1,004,000
$432/sqft
Low Valuation
$953,800
$411/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$432/sqft$1,004,000

Neighborhood

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Comparative Value

$865K

$925K

$950K

$1.00M

$1.01M

$1.15M

432 N 6th St, Montebello, CA 90640

Sale Price: $865,000

Selected Comparable

205 W Oakmont Dr, Montebello, CA 90640

Sale Price: $925,000

Selected Comparable

404 W Madison Ave, Montebello, CA 90640

List Price: $949,999

Subject Property

404 W Madison Ave, Montebello, CA 90640

Sale Price: $1,000,000

Selected Comparable

724 N Montebello Blvd, Montebello, CA 90640

Sale Price: $1,015,000

Selected Comparable

708 N Montebello Blvd, Montebello, CA 90640

Sale Price: $1,150,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
404 W Madison Ave, Montebello, CA 90640

404 W Madison Ave, Montebello, CA 90640

List: $949,999

Listed: 9/20/2024

Area:2,322 sqft
Price/sqft:$409
Beds:5
Baths:2
Year Built:
Lot Size:6,055

Comparable Properties

COMPARABLE
Choose comps
404 W Madison Ave, Montebello, CA 90640

404 W Madison Ave, Montebello, CA 90640

Sale: $1,000,000

10/29/20240.00 mi

Area:2,322 sqft
Price/sqft:$431
Beds:5
Baths:2
Year Built:
Weight:25.0%
708 N Montebello Blvd, Montebello, CA 90640

708 N Montebello Blvd, Montebello, CA 90640

Sale: $1,150,000

7/30/20250.56 mi

Area:2,394 sqft
Price/sqft:$480
Beds:4
Baths:3
Year Built:
Weight:18.9%
432 N 6th St, Montebello, CA 90640

432 N 6th St, Montebello, CA 90640

Sale: $865,000

4/9/20250.22 mi

Area:1,936 sqft
Price/sqft:$447
Beds:4
Baths:2
Year Built:
Weight:18.8%
205 W Oakmont Dr, Montebello, CA 90640

205 W Oakmont Dr, Montebello, CA 90640

Sale: $925,000

7/24/20250.64 mi

Area:1,894 sqft
Price/sqft:$488
Beds:4
Baths:2
Year Built:
Weight:18.8%
724 N Montebello Blvd, Montebello, CA 90640

724 N Montebello Blvd, Montebello, CA 90640

Sale: $1,015,000

8/8/20250.59 mi

Area:2,442 sqft
Price/sqft:$416
Beds:4
Baths:3
Year Built:
Weight:18.5%

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