1 month on rocket

1401 W Olympic Blvd, Montebello, CA, 90640

$1,000,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1401 W Olympic Blvd, Montebello$1,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAttached Carport, Door-Multi, Garage
Garage4 spaces
Year Built1952
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #SR24237844
Lot Size0.11 Acres
StatusActive

About 1401 W Olympic Blvd

A lucrative investment opportunity! This property features four 1-bedroom, 1-bathroom units, each with separate gas and electric meters, ensuring convenience for tenants and minimal hassle for the owner. Additionally, the property generates extra income by renting out vehicle parking spaces for $800/month. Situated in a desirable Montebello location, this multi-unit property is perfect for investors seeking steady rental income and strong demand. This property boasts commercial zoning, providing exceptional versatility and investment potential.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 2

Listing Office:

  • Office Name: Luxury Collective
  • Office Phone: (818) 321-7401
  • Listing Agent: Xavier Franco

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Attached Carport, Door-Multi, Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: If you’re coming from the east, head west on Olympic Blvd. The property will be on your right. If you’re coming from the west, head east on Olympic Blvd. The property will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000

Tax Information:

  • Annual Amount: $5,129
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Montebello, CA.

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Montebello, CA

City

Med. Sold Price

$816.4K

Med. Price/SqFt

$495

Avg. Days On Market

31

# of Sold Homes

17

1401 W Olympic Blvd vs Montebello

31 DAYS ON ROCKET

-0 Day

$1,000,000

+$183.5K More

KEY TAKEAWAY

This property is $183.5K more than the Median Sold Price in Montebello, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24237844

Listing Office:

  • Office Name: Luxury Collective
  • Office Phone: (818) 321-7401
  • Listing Agent: Xavier Franco

IDX 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: 12/21/2024, 9:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 12, 1996Home Sold
$138,500
Jun 19, 1995Home Sold
$395,656
Oct 18, 1989Home Sold
$329,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,129$302,678
2020$4,948$299,575
2019$4,929$293,702
2018$4,820$287,944
2017$4,820$282,299

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-790906
6
/10

  • Washington Elementary

  • 1400 W Madison Ave

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-790907
4
/10

  • Greenwood Elementary

  • 900 S Greenwood Ave

  • 0.77 miles

  • Public District Grades KG-5

school-card-donut-790908
4
/10

  • Fremont Elementary School

  • 200 W Madison Ave

  • 0.96 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,667. The most common annual income of people living in Montebello, CA is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Montebello›90640›1401 W Olympic Blvd

This home is located at 1401 W Olympic Blvd in Montebello, CA and zip code 90640 in the The Southeast neighborhood. This home, which was built in 1952, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $1,000,000.

In November 2024 more than 5 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 11 were sold below. Between October 2024 and November 2024, Montebello, CA real estate market has seen decrease in the number of listings by 21%. In November 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $816,495.

From Rocket Homes Real Estate and based on county public records data.

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