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723 W Mines Ave, Montebello, CA, 90640

$1,199,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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723 W Mines Ave, Montebello$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway, Garage
Garage1 space
Year Built1948
HeatingOther, ENERGY STAR Qualified Equipment, Wall Furnace
CoolingENERGY STAR Qualified Equipment, Wall/Window Unit(s)
FireplaceNone
MLS #DW24249652
Lot Size0.13 Acres
StatusActive

About 723 W Mines Ave

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 washer/dryer units - Centrally located with easy access to Downtown LA, Orange County, shopping, beaches, and more. - Owner covers water 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

Property Features

Property Information:

  • Year Built: 1948
  • Stories: 2

Listing Office:

  • Office Name: Greenpoint Real Estate Services
  • Office Phone: (951) 833-1030
  • Listing Agent: Aldo Baltodano

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Interior: Attic
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Parking: Driveway, Garage

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Other, ENERGY STAR Qualified Equipment, Wall Furnace
  • Cooling: ENERGY STAR Qualified Equipment, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Mines and Montebello Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000

Tax Information:

  • Annual Amount: $3,366
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Montebello, CA.

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Montebello, CA

City

Med. Sold Price

$816.4K

Med. Price/SqFt

$495

Avg. Days On Market

31

# of Sold Homes

17

723 W Mines Ave vs Montebello

1 DAY ON ROCKET

-30 Days

$1,199,000

+$382.5K More

KEY TAKEAWAY

This property is $382.5K more than the Median Sold Price in Montebello, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #DW24249652

Listing Office:

  • Office Name: Greenpoint Real Estate Services
  • Office Phone: (951) 833-1030
  • Listing Agent: Aldo Baltodano

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 7:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,366$128,397
2020$3,144$127,081
2019$3,087$124,590
2018$3,039$122,148
2017$3,039$119,754

History based on county public records data.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-77521
4
/10

  • Greenwood Elementary

  • 900 S Greenwood Ave

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-77522
4
/10

  • Fremont Elementary School

  • 200 W Madison Ave

  • 0.95 miles

  • Public District Grades KG-5

school-card-donut-77523
6
/10

  • Washington Elementary

  • 1400 W Madison Ave

  • 0.98 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,282. The most common annual income of people living in Montebello, CA is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Montebello›90640›723 W Mines Ave

This home is located at 723 W Mines Ave in Montebello, CA and zip code 90640 in the The Southeast neighborhood. This home, which was built in 1948, sits on a 0.13 acre lot. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $1,199,000.

While more than 5 listings in Montebello, CA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 11 were sold below. In November 2024 in Montebello, CA there were 21% less homes for sale than in October 2024. In November 2024 median list price was $816,495 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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