723 W Mines Avenue, Montebello, CA 90640 (MLS # DW24249652)
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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!
| DAYS ON MARKET | 4 | LAST UPDATED | 12/18/2024 |
|---|---|---|---|
| YEAR BUILT | 1948 | COMMUNITY | Montebello |
| GARAGE SPACES | 1.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | ENERGY STAR Qualified Equipment, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Montebello |
| GARAGE | Driveway, Garage, Yes |
| HEAT | Combination, ENERGY STAR Qualified Equipment, Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Attic |
| LOT | 5618 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Driveway,Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | MNR3YY |
TOTAL MONTHLY PAYMENT
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