862 W Mines Ave new Save Request In-Person Tour Request Virtual Tour
Montebello,CA 90640
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 $323
MLS Listing ID 25521395
Bedrooms 48
Year Built 1988
Lot Size 0.663 Acres
Property Sub-Type Multi-Family
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 Montebello
Zoning MNR3YY
Rooms
Other Rooms None
Interior
Heating Other
Cooling Central
Equipment Other
Laundry Room
Exterior
Parking Features Attached, Garage - 2 Car
Garage Spaces 32.0
Building
Story 2
Others
Special Listing Condition Standard