862 W Mines Avenue, Montebello, CA 90640

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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

$550,000 PRICE REDUCTION - 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

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Home facts

  • Year built:1988
  • Listing Id #:25521395
  • Added:129 day(s) ago
  • Updated:August 13, 2025 at 01:10 PM

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
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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