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862 W Mines Ave Montebello, CA 90640

New
For Sale
$5,600,000

MULTI_FAMILY - Montebello, CA

Property size:
19,013 SF
Lot size:
0.66 Acres
Days on Market:
7
Last Refresh:
Dec 7 at 3:06 am

Property Features for 862 W Mines Ave

General Information

Special listing conditions
Standard
Property type
Residential Multi Family
Property subtype
Other
TransactionType
Standard
Standard status
Active
Zoning
MNR3YY
Rooms
Bathroom 25, Bedroom 9, Bathroom 1, Bathroom 17, Bedroom 2, Bedroom 13, Bedroom 4, Bedroom 35, Bedroom 8, Bathroom 11, Bedroom 32, Bedroom 1, Bathroom 20, Bathroom 31, Bedroom 18, Bedroom 20, Bedroom 22, Bedroom 21, Bedroom 42, Bathroom 22, Bedroom 19, Bathroom 32, Bathroom 23, Bathroom 2, Bedroom 48, Bathroom 30, Bathroom 16, Bathroom 7, Bathroom 21, Bedroom 41, Bedroom 16, Bathroom 27, Bathroom 12, Bedroom 28, Bedroom 23, Bedroom 29, Bedroom 31, Bedroom 43, Bathroom 8, Bedroom 7, Bathroom 18, Bathroom 4, Bathroom 9, Bathroom 3, Bedroom 44, Bedroom 39, Bedroom 27, Bedroom 10, Bedroom 34, Bathroom 24, Bathroom 14, Bedroom 47, Bathroom 5, Bedroom 46, Bedroom 6, Bathroom 26, Bedroom 11, Bedroom 24, Bathroom 15, Bedroom 14, Bedroom 15, Bedroom 40, Bedroom 25, Bedroom 30, Bedroom 17, Bedroom 26, Bedroom 36, Bedroom 45, Bedroom 33, Bedroom 37, Bedroom 5, Bathroom 28, Bathroom 6, Bathroom 19, Bedroom 3, Bathroom 10, Bathroom 13, Bathroom 29, Bedroom 38, Bedroom 12
Bedrooms
48
Bathrooms
32
APN
6350-022-059
Parking
32
Parking features
Garage
Size
19,013 SF
Lot size
0.66 Acres

Utilities

Cooling system
Central Air

Building Details

Year built
1988
Floors in Building
2
Number of units
16

RE/MAX Commercial & Investment (310) 802-2500 [email protected]

Listing agent Shant Sherbetdjian (213) 817-1000 License #01713570

Listing date Dec 1, 2025

Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Spacious Montebello Multifamily Investment

This multifamily property in Montebello, California, features 16 spacious units constructed in 1988. The property consists of two-story townhome-style apartments, each with three bedrooms and 1.5 bathrooms, averaging approximately 1,188 square feet. The complex is fully occupied and generates a 5.68% cap rate and an 11.02 GRM based on current rents. Each unit includes central air conditioning and heating, a two-car garage, and a private patio. Recent capital improvements include a new roof installed in 2018, full copper plumbing installed in 2019, and replacement of 11 of the 16 air conditioning units within the last three years. The property also features separate water heaters and individual gas and electricity meters for each unit. The complex comprises eight extra-large duplexes situated on a 28,868 square foot lot. The property is zoned MNR3YY and is located on West Mines Avenue, between Greenwood Avenue and South Montebello Boulevard. The property is subject to the statewide AB1482 rent ordinance and has no local rent control. Interior photos are available, showcasing the tenant-occupied units.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Montebello
County
Los Angeles
State
California
Longitude
-118.113479
Latitude
34.003411

FAQs

What type of property is this?
Apartment building - 16-unit apartment complex in Montebello with strong income potential.
Where is this apartment building located?
The property is located at 862 W Mines Ave Montebello, CA.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: - 16 spacious, fully occupied 3-bedroom townhome-style apartments averaging 1,188 sq ft each.; - Attractive investment opportunity with a **5.68% Cap Rate** and **11.02 GRM** on current rents.; - Significant recent capital improvements: new roof (2018), full copper plumbing (2019), and 11 A/C units replaced in the last 3 years.
More about this property
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