$ 1,800,000
-
$1,800,000
Price -
12
Bed -
6
Bath -
5,326
SqFt
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About the Listing X7538301 - X83172
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.
Listing Highlights
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
26698555
Year Built
1958
Total Square Footage
5,326
Lot/Acreage
0.36
County
Los Angeles
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: MNR3YY
- Roof:
- Others:
- Sewer:
- Parking Features: Garage - 1 Car,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
600 W Mines Ave Montebello, CA 90640
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