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862 W Mines Avenue, Montebello, CA 90640

Local realty services provided by:CENTURY 21 Fort Bragg Realty
862 W Mines Avenue,Montebello, CA 90640
$5,600,000
  • 48 Beds
  • 32 Baths
  • 19,013 sq. ft.
  • Multi-family
  • Active
Listed by: shant sherbetdjian
Office: remax commercial and investment realty
MLS#:25521395
Source:CRMLS

Price summary

  • Price:$5,600,000
  • Price per sq. ft.:$294.54

About this home

5.68% CAP RATE AND 11.02 GRM ON CURRENT RENTS. We are pleased to present a fantastic opportunity in Montebello, 16 Spacious Units built in 1988 consisting of Spacious 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments, averaging approximately 1,188 square feet each. This property is fully occupied and yields a 5.68% Cap Rate and 11.02 GRM 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). The property also has separate water heaters and is separately metered for gas and electricity. This complex is comprised of 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

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Home facts

  • Year built:1988
  • Listing ID #:25521395
  • Added:249 day(s) ago
  • Updated:December 06, 2025 at 11:37 AM

Rooms and interior

  • Bedrooms:48
  • Total bathrooms:32
  • Living area:19,013 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1988
  • Building area:19,013 sq. ft.
  • Lot area:0.66 Acres

Finances and disclosures

  • Price:$5,600,000
  • Price per sq. ft.:$294.54
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