862 W Mines Avenue

Montebello, CA 90640

  • 48 Bed(s)
  • 0 Bath(s)
  • 19,013 Sqft
  • 28868
    Sqft(Lot)
$6,150,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49258096

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Property Details

  • Bedroom Information

    • Total Bedrooms : 48

    Bathroom Information

    • Total Baths: 32
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Central Air
    • Air Conditioning

  • Building Information

    • Year Built: 1988
    • Building Area Total: 19,013

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.6627
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 28868

  • Listing Price Information

    • Original List Price: 6,150,000
    • Listing Contract Date: 2025-04-07

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6350022059

  • Garage and Parking

    • Garage Description: Door-Multi,Garage
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 674 - Montebello
    • Postal Code Plus 4: 5500
    • Directions: Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. Minutes from the Pico Rivera Plaza off Whittier Blvd.
    • Zoning: MNR3YY
    • Source Property Type: Residential Income
    • Area: 674 - Montebello

    Building and Construction

    • Property Age: 37
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 19013
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/25/2025 @ 02:41

  • MLS: 25521395
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 48 bedrooms which is for sale, it has 19,013 sqft, 28,868 sized lot, and 0 parking. are nearby neighborhoods.