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Listed by: Shant Sherbetdjian (626) 657-8150 DRE #01713570 | Remax Commercial and Investment Realty (213) 817-1000
$5,600,000
48 Beds
32 Baths
19,013sqft
862 W Mines Ave, Montebello, CA 90640
$5,600,000
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Multi Family
Built in 1988
$-- HOA
28,868 sqft lot
$295/sq.ft
Description
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 ...
Continue Reading- Houzeo last checked: 8 Minutes ago
- Listing updated: December 3, 2025 at 6:09 pm
- Source: California Regional MLS-CA | MLS#: 25521395
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1988
HOA Fees
-
Finished Area
19,013 sqft
Lot Size
28,868 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25521395
MLS Status
Active
Days on Market
243
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