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862 W Mines Ave
Montebello, CA 90640
Shant Sherbetdjian with Remax Commercial and Investment Realty, original listing - (213) 817-1000

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Property Details


List Price: $6,150,000
Beds: 48
Baths: --
Status: Active
SqFt: 19013 Square Feet
Agency: Remax Commercial and Investment Realty
Agency Phone: (213) 817-1000

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Description/Comments


Lot Size: 0 acre(s)
Garage: Garage
Property Type: Residential Multi Family-Other
Year Built: 1988
Notes: 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.
MlsNumber: --
ListingId: 25521395


Listing Provided By: Remax Commercial and Investment Realty, original listing
Phone: (213) 817-1000
Office Phone: (213) 817-1000
Agent Name: Shant Sherbetdjian
Disclaimer: Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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