862 W Mines Ave

Off Market

862 W Mines Ave

Montebello CA 90640

19013 sq. ft.

28868 sq. ft.

Other

Last sold for $5,378,998

Shant Sherbetdjian, last sold this property on 18 March 2026 after 344 days on market.

Overview

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.

Features

48 bedrooms

32 bathrooms

32 carspaces

19013 sq. ft. floor area

28868 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 48 bedroom other properties sold in Montebello over the last 12 months.

Property history for 862 W Mines Ave

2026

Sold

$5,378,998

18 Mar 2026 by Shant Sherbetdjian, of Remax Commercial and Investment Realty

2014

Sold

$396,755

08 Jul 2014

Happy sellers in Montebello

<50%

Less than 50% of sellers in Montebello reported that their sale price either exceeded or met their price expectations.

Montebello stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Montebello over the last 12 months.

Local market activity for 48 bedroom other properties in Montebello

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Montebello for a market analysis.

Lan "Gloria" Xiao

at Re/Max Elite Realty

(110 reviews)

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Rosaalva Gallegos

(4 reviews)

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Gary E. LaTourette

at Vista Sotheby's Int'l Realty

(2 reviews)

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YING-HUEI CHOU

at K.W. Executive

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Montebello

Lan "Gloria" Xiao

Lan "Gloria" Xiao is an award winning recommended agent for Montebello. They have 3 local sales and collected 4 local reviews across the last 12 months.