600 W Mines Ave - Apartments FOR SALE


Montebello, CA 90640
$1,800,000 USD
626-657-8150
600 W Mines Ave, Montebello, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

600 W Mines Ave
Montebello, CA 90640


HIGHLIGHTS

  • First Time Being Offered For Sale in Over 12 Years!
  • Attractive Unit Mix of Spacious 2-Bedroom 1-Bathroom Single Story Units
  • Desirable building layout with units averaging approximately 888 square feet
  • Large 15,544 Square Foot Lot | Corner Lot | On-Site Secured Parking
  • On-site laundry generating additional income | Potential for multiple ADUs
  • Only Subject to Statewide AB1482 Rent Ordinance | No Local Rent Control

OVERVIEW

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.** All 6 units are tenant occupied, so please do not walk on the property, do not disturb or engage tenants regarding the property. *Laundry room machines (washer/dryer) are on a lease. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

6

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units | Montebello | 3 of 6 Listings

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,544 SF

ZONING

MNR3YY

APN/PARCEL ID

6349-032-016

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.