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
See this Listing
Mortgage Calculator
Schools
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
Map
Community
- Address723 W Mines Avenue Montebello CA
- Area674 – Montebello
- CityMontebello
- CountyLos Angeles
- Zip Code90640
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Courtesy of Greenpoint Real Estate Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
723 W Mines Avenue
Montebello, CA
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