723 W Mines Avenue
Montebello, CA, 90640
$1,199,000
Beds
0 Baths
SqFt
0.13 Acres
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Amazing Investment Opportunity in Montebello, CA. Explore this exceptional multi-family property featuring a 3 apartment units and a modern ADU, offering the next owner four rental units in one prime location! This multi-family property is perfect for investors or owner-occupants looking to offset their mortgage with rental income. FRONT UNIT: Spacious 3-bedroom, 1-bath apartment. REAR UNITS: Two well-maintained 1-bedroom, 1-bath apartments. ADU: Recently converted garage featuring a modern studio apartment. The front unit and one 1-bedroom apartment are currently rented, providing immediate income, while the vacant ADU and second 1-bedroom unit allow you to handpick your tenants or occupy a unit yourself. KEY HIGHLIGHTS: Units are in great condition, with some recently remodeled – Each unit comes with oven range and indoor washer/dryer hookups – Centrally located with easy access to Downtown LA, Orange County, shopping, beaches, and more. – Owner covers water , trash and landscaping; tenants are responsible for gas and electricity. This property is a fantastic entry into multi-family investing or an affordable pathway to homeownership. Whether you’re looking to grow your portfolio or enjoy the benefits of multi-family living, this property offers endless potential!

Property Details

Price:
$1,199,000
MLS #:
DW24249652
Status:
Active
Baths:
0
Address:
723 W Mines Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
674montebello
City:
Montebello
Listed Date:
Dec 18, 2024
State:
CA
ZIP:
90640
Lot Size:
5,618 sqft / 0.13 acres (approx)
Year Built:
1948
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Interior

Cooling
E N E R G Y S T A R Qualified Equipment, Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate
Heating
Combination, E N E R G Y S T A R Qualified Equipment, Wall Furnace

Exterior

Community Features
Sidewalks
Garage Spaces
1.00
Lot Features
Front Yard
Parking Features
Driveway, Garage
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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Community

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723 W Mines Avenue
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