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862-892 W Mines Ave
Montebello, CA 90640
16 Units 1988 Built 5.68% Cap Rate 11.02 GRM · Multifamily Property For Sale
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16 Units
Investment Highlights
- 16 Spacious Unit built in 1988 with 3 Bedroom + 1.5 Bathroom Two-Story Townhome Style Apartments | Averaging 1,188 square feet in each unit
- Many recent capital improvements where all units have central A/C & Heat, 2-Garage parking and private patios
- Outlined with eight extra large duplexes on a 28,868 square foot lot zoned MNR3YY | On West Mines Ave between Greenwood Ave and South Montebello Blvd
- Fantastic opportunity in Montebello | Prime investment at full occupancy 100% with a 5.68% Cap Rate on current rents
- Additional income from on-site laundry room | Separate water heaters for each unit and separately metered for gas and electricity
- Only subject to the statewide AB1482 rent ordinance (with no local rent control) | Income flow for first time investor or exchange up-leg purchase
Property Facts
| No. Units | 16 | Building Size | 19,013 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1988 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Lot Size | 0.66 AC | ||
| Zoning | MNR3YY - Multiple Family Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 19,013 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | MNR3YY - Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 16 | $2,643 | 1,188 |
Property Taxes
| Parcel Number | 6350-022-059 | Improvements Assessment | $2,253,464 |
| Land Assessment | $1,503,509 | Total Assessment | $3,756,973 |
Property Taxes
Parcel Number
6350-022-059
Land Assessment
$1,503,509
Improvements Assessment
$2,253,464
Total Assessment
$3,756,973
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