CA > Montebello
Montebello, CA 90640,862 W Mines AVE
Montebello, CA 90640,862 W Mines AVE
Montebello, CA 90640,862 W Mines AVE
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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John Dandoy

John Dandoy

+1(909) 224-1278
$ 6,150,000
Est. payment | /mo

48 Beds

32 Baths

19,013 SqFt

Save
$ 6,150,000
Est. payment | /mo
Save

48 Beds

32 Baths

19,013 SqFt

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. 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). 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

California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 224-1278

jrdandoy@gmail.com

101 N Indian Hill Blvd STE C1-208, Claremont, California, 91711, United States

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862 W Mines AVE