862 W Mines Avenue, Montebello, CA 90640
-
Listed Price :
$6,150,000
-
Beds :
48
-
Baths :
32
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Property Size :
19,013 sqft
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Year Built :
1988
Property Description
We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Unit built in 1988 with 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, and averaging 1,188 square feet in each unit. Prime investment at full occupancy 100% with a 5.02% Cap Rate on current rents. This pride of ownership property has undergone many recent capital improvements where all units have central A/C & Heat, 2-Garage parking and private patios. Additional income from on-site laundry room. Separate water heaters for each unit and separately metered for gas and electricity. This complex is outlined with eight extra large duplexes on a 28,868 square foot lot zoned MNR3YY. Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. This property is only subject to the statewide AB1482 rent ordinance (with no local rent control). Income flow for first time investor or exchange up-leg purchase.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
48 |
| Bathroom Information |
| Bathrooms |
32 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
862 W Mines Avenue |
| City |
Montebello |
| State |
CA |
| Zip |
90640 |
| County |
Los Angeles |
| Listing Agent |
Shant Sherbetdjian DRE #01713570 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| List Price |
$6,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
19,013 |
| Lot Size |
28,868 |
| Year Built |
1988 |
Listing information courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 7th, 2025 at 5:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
