- 3 Beds
- 1 Bath
- 19,013 Sqft
- .66 Acres
862 Mines Avenue
$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.
Essential Information
- MLS® #25521395
- Price$5,600,000
- Bedrooms3
- Bathrooms1.00
- Square Footage19,013
- Acres0.66
- Year Built1988
- TypeResidential Income
- StatusActive
Community Information
- Address862 Mines Avenue
- Area674 - Montebello
- CityMontebello
- CountyLos Angeles
- Zip Code90640
Amenities
- Parking Spaces32
- ParkingDoor-Multi, Garage
- GaragesDoor-Multi, Garage
Interior
- CoolingCentral Air
- # of Stories2
- StoriesMulti/Split
Additional Information
- Date ListedApril 7th, 2025
- Days on Market143
- ZoningMNR3YY
Listing Details
- AgentShant Sherbetdjian
Office
Remax Commercial and Investment Realty
Price Change History for 862 Mines Avenue, Montebello, (MLS® #25521395)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $6,150,000 to $5,600,000 |
Shant Sherbetdjian, Remax Commercial and Investment Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 28th, 2025 at 12:50pm PDT. 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.