723 W Mines AVE, Montebello, CA 90640 – DW24249652

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$1,199,000

Est. payment - /mo

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5,619 Sqft Lot

New

723 W Mines AVE Montebello, CA 90640

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/21/2024 12:29 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW24249652

HOA Y/N No

Year Built 1948

Lot Size 5,619 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Interior

Interior Features Attic

Heating Combination, ENERGY STAR Qualified Equipment, Wall Furnace

Cooling ENERGY STAR Qualified Equipment, Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6349028016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Aldo Baltodano • Greenpoint Real Estate Services • 951-833-1030