16 Units 1988 Built 5.68% Cap Rate 11.02 GRM 862-892 W Mines Ave Immeuble residentiel 16 lots 4 862 704 € (303 919 €/Lot) Taux de capitalisation 5,68 % Montebello, CA 90640

$550,000 PRICE REDUCTION - 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, please take a look at the Walk-The-Property-Video with Shant. Income flow for first time investor or exchange up-leg purchase. Situated on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard. Minutes from the Pico Rivera Plaza off Whittier Blvd. Please do not walk on the property, do not disturb or engage tenants regarding the property. 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. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only. Interior photos provided as well as a property video.