CA > Montebello
Montebello, CA 90640,862 W Mines Ave
Montebello, CA 90640,862 W Mines Ave
Montebello, CA 90640,862 W Mines Ave
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$5,600,000
Est. payment /mo
48 Beds
32 Baths
19,013 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,013 sqft

Price per Sqft $294

MLS Listing ID 25521395

Bedrooms 48

Year Built 1988

Lot Size 0.663 Acres

Acres 0.6629

Property Sub-Type Multi-Family

Property Description

$550,000 PRICE REDUCTION - 5.68% CAP RATE AND 11.02 GRM ON CURRENT RENTS. We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Units built in 1988 consisting of Spacious 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, averaging approximately 1,188 square feet each. This property is fully occupied and yields a 5.68% Cap Rate and 11.02 GRM on current rents. All units have central A/C & Heat, 2-Garage parking and private patios. This pride of ownership property has undergone many recent capital improvements such as; a new roof (in 2018), full copper plumbing (in 2019), and 11 of the 16 A/C Units were replaced (in the last 3 years). The property also has separate water heaters and is separately metered for gas and electricity. This complex is comprised of 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). Units are tenant occupied.

Location

State CA

County Los Angeles

Area Montebello

Zoning MNR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Central

Equipment Other

Laundry None

Exterior

Parking Features Attached, Garage - 2 Car

Garage Spaces 32.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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agent

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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