Situated in the heart of Montebello, this exceptional apartment complex presents a rare opportunity for investors. Comprising eight duplexes on a spacious 28,868 square-foot lot, each unit boasts a generous 1,188 square feet of living space, featuring three bedrooms and 1.5 bathrooms. Built in 1988 with numerous recent capital improvements, these two-story townhome-style units offer central A/C and heating, private patios, and two garage parking spaces per unit. The property benefits from an attractive 5.02% cap rate on current rents and is subject only to the statewide AB1482 Rent Ordinance, with no local rent control restrictions. Strategically located on West Mines Avenue between Greenwood Avenue and South Montebello Boulevard, this property offers easy access to local amenities, making it an ideal choice for those seeking a well-maintained, high-performing asset in a prime location.

Investment Highlights

• Excellent Unit Mix of 3 Bedroom + 1.5 Bathroom 2-Story Town Home Style Units
• Extra Large Units Averaging 1,188 Square Feet Each
• 5.02% Cap Rate on Current Rents
• Newer 1988 Construction with many Recent Capital Improvements / Pride of Ownership Property
• Additional Income Procured from On-Site Laundry Room
• EIGHT Duplexes on a large 28,868 SF Lot / Central Montebello Location
• All Units have Central A/C & Heat, 2 Garage Parking, Private Patios and Separate Water Heaters
• Situated on West Mines Ave between Greenwood Ave and South Montebello Blvd
• Property is Only Subject to Statewide AB1482 Rent Ordinance | No Local Rent Control