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608 N Garfield Ave, Montebello, CA 90640
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608 N Garfield Ave Montebello, CA 90640

$1,050,000
  • 5 Beds
  • 4 Baths
  • 2,656 Sq.Ft.
For Sale
$1,050,000 Get Pre-Qualified
Map preview of 608 N Garfield Ave, Montebello, CA 90640

Property Overview: 608 N Garfield Ave Montebello, CA has 5 bedrooms, 4 bathrooms, 2,656 living square feet and 5,566 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Attention investors! Don't miss this fantastic income-producing quadplex opportunity in the city of Montebello. Located in a rapidly developing area with new entertainment attractions like the Top Golf complex within walking distance, this property offers significant upside potential. With strategic renovations and modernization, there's an obvious opportunity to force appreciation, enhance rental income, and maximize your investment returns. Take advantage of this opportunity!

Listed by Felix Esqueda | BRE #02019668 | Just Sold Real Estate Group
Last checked: 15 minutes ago | Last updated: June 6th, 2024 | Source CRMLS | DOM: 40
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Home details

Lot Sq. Ft
5,566
HOA Dues
$0/mo
Year built
1954
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24057595
City
Montebello
County
Los Angeles
Time on Site
68 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,113
  • Total Rent: $1,113
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $886
  • Total Rent: $886
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $790
  • Total Rent: $790
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $44,988
  • Net Operating Income: $40,388
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,600
  • Trash: $100
  • Gardener: $1,000
  • Insurance: $1,500
  • Water/Sewer: $2,000

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Property Details for 608 N Garfield Ave

Interior Features
Laundry Information
  • Has Laundry
  • Outside
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5268004009
  • Year Built Source: Public Records
  • Entry Level: 4
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Google Maps
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Montebello Agent

Sale History for 608 N Garfield Ave

Last sold for $950,000 on February 23rd, 2023

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: PW24057595

    $1,100,000

    Price

  • February, 2023

  • Feb 23, 2023

    Date

    Sold

    CRMLS: WS22247753

    $950,000

    Price

  • Nov 28, 2022

    Date

    Active

    CRMLS: WS22247753

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Hard to find a fully rented fourplex in the City of Montebello. The property features (three) 1 bedroom /1 bath units and (one) 2 bedroom/1 bath unit. One car garage for each unit. Ample street parking. . Laundry facility onsite. Close to freeways, schools, shopping, Montebello golf course, public transportation, and more! ***DRIVE-BY ONLY!!! PLEASE DO NOT DISTURB THE TENANTS OR WALK THE PROPERTY***

  • March, 2012

  • Mar 13, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2007

  • Jun 7, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 608 N Garfield Ave

Assessed Value (2020): $73,651
Year Land Value Improved Value Assessed Value
2020 $16,512 $57,139 $73,651

Home Value Compared to the Market

This property vs the competition

608 N Garfield Ave is listed 27.27% higher than the median list price for the city of Montebello which has a median list price of $825,000. The median price per/sqft for Montebello is $508 and this home is listed at $395.33 per/sqft which puts the price per square foot 22.18% lower than the median price per square foot for the city of Montebello.

About 608 N Garfield Ave

Detailed summary of property

608 N Garfield Ave is a fourplex located in Montebello, CA 90640 and is currently for sale. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 2,656 living square feet, and sits on an approximately 5,566 square foot lot. 608 N Garfield Ave was first listed on ArdentRealEstateGroup.com on April 9, 2024. The homeowner is currently asking $1,050,000 and was originally asking $1,100,000. The median priced home in Montebello is $825,000 with a median price per square foot of $508. Based on Ardent Real Estate Group's Montebello Market Data, this home is listed 27.27% higher than the median priced home. Local competing homes currently for sale include 3680 E 5th St, 929 N Rowan Ave and 1004 N Hicks Ave. While the average home in Montebello, CA is selling in 49 days, 608 N Garfield Ave has a days on market of 40 days. There are currently 55 homes for sale in the Montebello real estate market and 25 of them are single family homes while 19 of them are condos and 11 are townhomes. For more information on this home for sale at 608 N Garfield Ave Montebello, CA 90640 contact Ardent Real Estate Group and we will put you in touch with one of our Montebello agents.

Public Facts for 608 N Garfield Ave

Public county record property details
Beds
5
Baths
4
Year built
1954
Sq. Ft.
2,656
Lot Size
5,564
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5268-004-009

The source for these homes facts are from public records.

90640 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$824,990
Median List Price/Sq.Ft.
$508
Median Sold Price
$780,000
Median Sold Price/Sq.Ft.
$492
Total Inventory
57
Median Sale to List Price %
104.14%
Avg Days on Market
27
Loan Type
Conventional (62.5%), FHA (6.25%), VA (0%), Cash (15.63%), Other (15.63%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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