Technical
Financial
Distress signals
Property profile

600 Mines Ave Montebello, CA 90640

OFF-MARKET
Other apartment buildings
Property ID
US10-0317434
5,326 SF 0.36 ac lot Built 1958
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a multifamily asset in Montebello, California, containing single-story 2-bedroom, 1-bathroom units that average approximately 888 square feet, and is part of a larger 47-unit portfolio. It sits on a 15,544 square foot corner lot (0.3568 acres) with about 5,326 square feet of building area. The site includes secured on-site parking and functional support amenities, including on-site laundry. Utilities are individually metered for gas and electricity, and each unit has its own water heater. The corner-lot configuration provides potential for additional ADU development. Location accessibility is supported by proximity to major freeways, including the 60, 710, 5, and 605. The property is subject to California AB 1482 and is not governed by local rent control, and it is suitable for use as a rental multifamily residential property.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1958
Construction WOOD
Total area 5,326 SF
Lot 0.36 ac (15,540 SF)
Zoning code MNR3YY
APN 6349-032-016
UPID US10-0317434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 Mines Ave Montebello, CA 90640-5723
Montebello metro Census 532101 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$925k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2018
Price N/A
2014
Price N/A
1993
Price N/A
1989
Price N/A

Zoning & alternative use

MNR3YY · Montebello, CA
Top alternative use upside
Retail stores $1.5M +20.0%
Commercial (general) $1.4M +13.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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