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$ 1,800,000
Est. payment /mo
New
600 W Mines AVE Montebello, CA 90640
12 Beds
6 Baths
5,326 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,326 sqft
Price per Sqft $337
MLS Listing ID 26698555
Bedrooms 12
HOA Y/N No
Year Built 1958
Lot Size 0.357 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Door-Single, Garage, Uncovered
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6349032016
Special Listing Condition Standard
Listed by Shant Sherbetdjian Remax Commercial and Investment Realty #01713570