Back to Search
862 W Mines Ave
Off-Market Call for Pricing
Call for Pricing
- 16 Units
- 19,013 Sq Ft
- 28,868 Sq Ft
- Unknown Cap Rate
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,600,000 |
| Property Type | Multi-Family |
| Usable Sqft | 19,013 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1988 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6350022059 |
| MLS # | 25521395 |
| Property ID | 292115915 |
| Lot Sqft | 28,868 |
| Zoning | MNR3YY |
| Total Units | 16 |
| Days on Market | 296 |
| Original List Price | $6,150,000 |
| Date Updated | January 17, 2026 |
| Date Created | April 07, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 1.50 | $2,646 | $47,600 |
| Gross Income (Yr) | $ 492,779 |
| Operating Expenses | $ 174,964 |
| Net Income (Yr) | $ 317,815 |
| Cap Rate | 5.68% |
Listing Provided By
Shant Sherbetdjian an agent of . Lic #01713570
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of January 17, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT