Montebello, CA 90640,862 W Mines AVE
Montebello, CA 90640,862 W Mines AVE
Montebello, CA 90640,862 W Mines AVE
29
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$5,600,000
Est. payment /mo
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48 Beds
32 Baths
19,013 SqFt
Pending

862 W Mines AVE Montebello, CA 90640

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Michelle Shullo

Michelle Shullo

+1(858) 204-4637

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 19,013 sqft

Price per Sqft $294

MLS Listing ID 25521395

Bedrooms 48

HOA Y/N No

Year Built 1988

Lot Size 0.663 Acres

Property 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 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 (with no local rent control). Units are tenant occupied, interior photos provided.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Cooling Central Air

Fireplace No

Laundry None

Exterior

Parking Features Door-Multi, Garage

Total Parking Spaces 32

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6350022059

Special Listing Condition Standard

CRMLS – RECore
Listed by Shant Sherbetdjian Remax Commercial and Investment Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Kipp Raices Academy

    Public | KG - 4

  • 9

    Potrero Heights Elementary

    Public | KG - 5

  • 9

    Daniel Phelan Science Academy

    Public | KG - 5

  • 8

    Brightwood Elementary School

    Public | KG - 8

  • 8

    Robert Hill Lane Elementary School

    Public | KG - 6

  • 8

    Price Elementary

    Public | KG - 5

  • 7

    Bella Vista Elementary

    Public | KG - 5

  • 7

    Montebello Gardens Elementary

    Public | KG - 5

  • 7

    Ada S. Nelson Elementary School

    Public | KG - 6

  • 6

    Hillcrest Elementary School

    Public | KG - 6

  • 6

    Rio Vista Elementary School

    Public | KG - 5

  • 5

    4th Street Elementary

    Public | 2 - 5

  • 5

    Montebello Park Elementary

    Public | KG - 5

  • 5

    Greenwood Elementary

    Public | KG - 5

  • 5

    Washington Elementary

    Public | KG - 5

  • 5

    Alice M. Birney Elementary School

    Public | KG - 5

  • 5

    Valencia Elementary School

    Public | KG - 5

  • 5

    North Ranchito Elementary School

    Public | KG - 5

  • 5

    South Ranchito Elementary School

    Public | KG - 5

  • 4

    Cesar E. Chavez Elementary School

    Public | KG - 5

Middle Schools 13
  • 7

    Griffiths Middle School

    Public | 6 - 8

  • 6

    Osburn Burke Middle School

    Public | 6 - 8

  • 6

    Katherine Edwards Middle School

    Public | 6 - 8

  • 5

    Los Nietos Middle School

    Public | 7 - 8

  • 4

    Suva Intermediate

    Public | 6 - 8

  • 4

    Macy Intermediate

    Public | 6 - 8

  • 4

    North Park Middle School

    Public | 6 - 8

  • 3

    Montebello Intermediate

    Public | 6 - 8

  • 3

    Rivera Middle School

    Public | 6 - 8

  • 3

    La Merced Intermediate

    Public | 6 - 8

  • 2

    Eastmont Intermediate

    Public | 6 - 8

  • 0

    Interamerican Adult School

    Private | 7 - 12

  • 0

    Montebello Community Day

    Public | 7 - 12

High Schools 14
  • 9

    Alliance Media Arts and Entertainment Design High School

    Public | 9 - 12

  • 6

    James A. Garfield Senior High School

    Public | 9 - 12

  • 6

    El Rancho High School

    Public | 9 - 12

  • 6

    Pioneer High School

    Public | 9 - 12

  • 5

    Schurr High School

    Public | 9 - 12

  • 4

    Montebello High School

    Public | 9 - 12

  • 4

    Applied Technology Center

    Public | 9 - 12

  • 3

    Bell Gardens High School

    Public | 9 - 12

  • 0

    Monterey Continuation

    Public | 9 - 12

  • 0

    Cantwell Sacred Heart of Mary

    Private | 9 - 12

  • 0

    Vail High (Continuation)

    Public | 9 - 12

  • 0

    Ruben Salazar Continuation

    Public | 9 - 12

  • 0

    Don Bosco Technical Institute

    Private | 9 - 12

  • 0

    Tri-Cities Regional Occupational Program

    Public | 11 - 12

School and business data provided by Attom Data.

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Michelle Shullo

Michelle Shullo

Agent | License ID: 02130301

+1(858) 204-4637

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862 W Mines AVE