404 W Madison Ave Montebello, CA 90640
5
Beds
2
Baths
2,322
Sq Ft
6,055
Sq Ft Lot
Highlights
- Spa
- Multi-Level Bedroom
- Lawn
- All Bedrooms Downstairs
- Main Floor Bedroom
- No HOA
About This Home
As of October 2024Rare 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!
Last Agent to Sell the Property
Bon Vie Realty Group Brokerage Phone: 951-334-8702 License #01397262 Listed on: 09/20/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,537
Year Built
- Built in 1966
Lot Details
- 6,055 Sq Ft Lot
- Landscaped
- Lawn
- Back Yard
- Property is zoned MNR2*
Parking
- 2 Car Garage
Home Design
- Split Level Home
Interior Spaces
- 2,322 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Entryway
- Living Room
- Den with Fireplace
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- Multi-Level Bedroom
- Converted Bedroom
- 2 Full Bathrooms
Pool
- Spa
Schools
- Fremont Elementary School
- Montebello Middle School
- Montebello High School
Utilities
- Cooling System Powered By Gas
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 6048
- Assessor Parcel Number 6346008015
- $1,326 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2024
Closed on
Oct 1, 2024
Sold by
Griego Henrietta
Bought by
Castro Erika Roxana Cabre
Seller's Agent
TODD COLLINS
Bon Vie Realty Group
Buyer's Agent
Sandra Bahena
Elevate Real Estate Agency
List Price
$949,999
Sold Price
$1,000,000
Premium/Discount to List
$50,001
5.26%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,969
Avg. Annual Appreciation
3.72%
Original Mortgage
$900,000
Outstanding Balance
$891,175
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$137,347
Purchase Details
Closed on
Jul 31, 2024
Sold by
Fajardo Family Trust and Fajardo Rose Marie
Bought by
Griego Henrietta
Purchase Details
Closed on
Dec 31, 2011
Sold by
Fajardo Esther Rocha and Fajardo Family Trust
Bought by
Fajardo Esther Rocha and Fajardo Family Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | Fidelity National Title | |
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2024 10/29/24 | Sold | $1,000,000 | +5.3% | $431 / Sq Ft |
| 09/28/2024 09/28/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $949,999 | -- | $409 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,537 | $1,000,000 | $650,000 | $350,000 |
| 2024 | $2,537 | $94,294 | $27,851 | $66,443 |
| 2023 | $2,500 | $92,446 | $27,305 | $65,141 |
| 2022 | $2,419 | $90,634 | $26,770 | $63,864 |
| 2021 | $2,304 | $88,858 | $26,246 | $62,612 |
| 2020 | $2,195 | $87,947 | $25,977 | $61,970 |
| 2019 | $2,154 | $86,223 | $25,468 | $60,755 |
| 2018 | $2,064 | $84,533 | $24,969 | $59,564 |
| 2016 | $1,968 | $81,252 | $24,000 | $57,252 |
| 2015 | $1,901 | $80,033 | $23,640 | $56,393 |
| 2014 | $1,894 | $78,466 | $23,177 | $55,289 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
TODD COLLINS
Bon Vie Realty Group
(951) 334-8702
2 in this area
23 Total Sales
-
Buyer's Agent in 2024
Sandra Bahena
Elevate Real Estate Agency
(909) 721-3407
1 in this area
111 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV24195929
APN: 6346-008-015
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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