862 W Mines Avenue
Montebello, CA 90640
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1988 build
- – on site
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.
Last checked:
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Last updated Apr 15, 2025
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MLS# 25521395 —
The Building
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Year Built:1988
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New Construction:No
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Building Area Total:19013.00
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Total Number Of Units:16
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# of Buildings:8
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Stories Total:2
Interior
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Levels:Multi/Split
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Laundry:Individual Room
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Laundry:1
Location
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Directions:Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. Minutes from the Pico Rivera Plaza off Whittier Blvd.
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Latitude:34.00341100
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Longitude:-118.11347900
The Property
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Property Type:Residential Income
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Zoning:MNR3YY
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Lot Size Area:28868.0000
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Lot Size Acres:0.6627
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Lot Size SqFt:28868.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6350022059
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door
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Parking Spaces:32.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/7/25
Apr 7, 2025
|
Listed / Active | CRMLS_CA | $6,150,000 | 96.7% (9.0% / YR) |
|
7/8/14
Jul 8, 2014
|
CRMLS_CA | $3,126,000 |
