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$ 6,150,000
Est. payment /mo
New
862 W Mines AVE Montebello, CA 90640
48 Beds
32 Baths
19,013 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,013 sqft
Price per Sqft $323
MLS Listing ID 25521395
Bedrooms 48
HOA Y/N No
Year Built 1988
Lot Size 0.663 Acres
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.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Garage
Attached Garage Yes
Total Parking Spaces 32
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6350022059
Special Listing Condition Standard
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty