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723 W Mines Avenue

Montebello, CA 90640

– beds
– baths
– sqft
5,618 sqft lot
1948 build
– on site

Amazing Investment Opportunity in Montebello, CA. Explore this exceptional multi-family property featuring a 3 apartment units and a modern ADU, offering the next owner four rental units in one prime location! This multi-family property is perfect for investors or owner-occupants looking to offset their mortgage with rental income. FRONT UNIT: Spacious 3-bedroom, 1-bath apartment. REAR UNITS: Two well-maintained 1-bedroom, 1-bath apartments. ADU: Recently converted garage featuring a modern studio apartment. The front unit and one 1-bedroom apartment are currently rented, providing immediate income, while the vacant ADU and second 1-bedroom unit allow you to handpick your tenants or occupy a unit yourself. KEY HIGHLIGHTS: Units are in great condition, with some recently remodeled - Each unit comes with oven range and washer/dryer units - Centrally located with easy access to Downtown LA, Orange County, shopping, beaches, and more. - Owner covers water and landscaping; tenants are responsible for gas and electricity. This property is a fantastic entry into multi-family investing or an affordable pathway to homeownership. Whether you're looking to grow your portfolio or enjoy the benefits of multi-family living, this property offers endless potential!

Listed By CRMLS_CA / Aldo Baltodano / Greenpoint Real Estate Services / 951-833-1030

Last checked: Checking… • Last updated Dec 18, 2024 •

MLS# DW24249652 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1948
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2735.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Entry Location:

Front
Flooring:

Laminate
Room Type:

Attic
Number Wall AC:

2
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

Mines and Montebello Ave
Latitude:

34.00162100
Longitude:

-118.11094700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

MNR3YY
Lot Features:

Front Yard
Lot Size Area:

5618.0000
Lot Size Acres:

0.1290
Lot Size SqFt:

5618.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5321.02
Tax Tract:

8382
Tax Lot:

45

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6349028016

Heating & Cooling

Heating:

1
Heating:

Combination, ENERGY STAR Qualified Equipment, Wall Furnace
Cooling:

Yes
Cooling:

ENERGY STAR Qualified Equipment, Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Driveway, Garage
Parking Spaces:

6.00
Garage Spaces:

1.00
Uncovered Spaces:

5.00

Extra Units

Average 1 Bed Area:

615
Average 3 Bed Area:

1168
Average Studio Area:

337
Number With Disposal:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
12/18/24 Dec 18, 2024	Listed / Active	CRMLS_CA	$1,199,000
7/18/22 Jul 18, 2022	Sold	CRMLS_CA
6/7/21 Jun 7, 2021	Listed / Active	CRMLS_CA

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This multifamily located in Southeast La, Montebello, CA 90640 is currently for sale for $1,199,000. 723 W Mines Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 723 W Mines Avenue is in the Southeast La neighborhood of Montebello and has a WalkScore® of 62, making it somewhat walkable. This multifamily is in the attendance area of Greenwood Elementary School, Montebello High School, and Montebello Intermediate School.

Listing Courtesy of: CRMLS_CA and Greenpoint Real Estate Services. Based on information from California Regional Multiple Listing Service, Inc. as of 15:01 on Dec 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.