$ 5,600,000
-
$5,600,000
Price -
3
Bed -
1
Bath -
19,013
SqFt
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About the Listing CLW-X7538301 - CLW-X83172
$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 statewide AB1482 rent ordinance (with no local rent control). Units are tenant occupied, interior photos provided.
Listing Highlights for 862 W Mines Ave
Status
Active
Days on Site
152
Property Type
Multi-Family
MLS ®
25521395
Year Built
1988
Total Square Footage
19,013
Lot/Acreage
0.66
County
Los Angeles
Area
674 - Montebello
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 32
- Zoning: MNR3YY
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Garage - Two Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6350022059
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
862 W Mines Ave Montebello, CA 90640
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