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6 Units | Montebello | 3 of 6 Listings 600 W Mines Ave 6 Unit Apartment Building $1,800,000 ($300,000/Unit) Montebello, CA 90640



Investment Highlights
- First Time Being Offered For Sale in Over 12 Years!
- Desirable building layout with units averaging approximately 888 square feet
- On-site laundry generating additional income | Potential for multiple ADUs
- Attractive Unit Mix of Spacious 2-Bedroom 1-Bathroom Single Story Units
- Large 15,544 Square Foot Lot | Corner Lot | On-Site Secured Parking
- Only Subject to Statewide AB1482 Rent Ordinance | No Local Rent Control
Executive Summary
We are excited to present for sale Property 3 of 6 within this exclusive 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-maintained asset in a strong, centrally located Southern California rental market. The property consists of spacious single-story 2-bedroom, 1-bathroom units averaging approximately 888 square feet, providing efficient layouts and broad tenant appeal. Situated on an expansive 15,544 square foot corner lot, the asset benefits from excellent positioning, secured on-site parking, and operational functionality. Offered for the first time in over 10 years, this is a rare opportunity to acquire an asset in a tightly held rental pocket. The property generates strong in-place income with clear rental upside potential, complemented by an additional revenue stream from on-site laundry. Utilities are individually metered for gas and electricity, and each unit features its own water heater, supporting streamlined management and expense control. The site also presents potential for ADU development (buyer to verify), offering a pathway to increased density and future income growth. Convenient access to the 60, 710, 5, and 605 freeways further enhances tenant demand and accessibility. The property is subject only to California AB 1482 and is not governed by local rent control, providing a more predictable regulatory environment. As part of a 6-property portfolio, this offering allows investors the flexibility to acquire an individual asset or pursue a broader portfolio strategy, combining stable cash flow with long-term appreciation potential. Properties do not have to be sold together. ** Check out the property video link.** All 6 units are tenant occupied, so please do not walk on the property, do not disturb or engage tenants regarding the property. *Laundry room machines (washer/dryer) are on a lease. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$135,300
|
$25.40
|
| Other Income |
$1,200
|
$0.23
|
| Vacancy Loss |
$4,095
|
$0.77
|
| Effective Gross Income |
$132,405
|
$24.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,065
|
$8.46
|
| Net Operating Income |
$87,340
|
$16.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,300 |
| Annual Per SF | $25.40 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $4,095 |
| Annual Per SF | $0.77 |
| Effective Gross Income | |
|---|---|
| Annual | $132,405 |
| Annual Per SF | $24.86 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $45,065 |
| Annual Per SF | $8.46 |
| Net Operating Income | |
|---|---|
| Annual | $87,340 |
| Annual Per SF | $16.40 |
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 5,326 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Garden | Parking Ratio | 1.13/1,000 SF |
| Zoning | MNR3YY | ||
| Price | $1,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,326 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | MNR3YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,900 | 888 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 6349-032-016 | Improvements Assessment | $721,106 |
| Land Assessment | $480,737 | Total Assessment | $1,201,843 |
Property Taxes
Parcel Number
6349-032-016
Land Assessment
$480,737
Improvements Assessment
$721,106
Total Assessment
$1,201,843
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6 Units | Montebello | 3 of 6 Listings | 600 W Mines Ave
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