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862 W Mines Avenue, Montebello, CA 90640

Local realty services provided by:CENTURY 21 Lois Lauer Realty
862 W Mines Avenue,Montebello, CA 90640
$5,600,000
  • 48 Beds
  • 32 Baths
  • 19,013 sq. ft.
  • Multi-family
  • Pending
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:291 day(s) ago
  • Updated:January 25, 2026 at 08:34 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Lois Lauer Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Lois Lauer Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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