Property Description

*Great Location in the City of Pico Rivera ( Next to City of Whittier ). The Apartment Building is in an Excellent Rental Area with Low Maintenance. Two-Story 8-Unit Apartment Building is Located in High Demand Rental Desirable Neighborhood in the City of Pico River (Next to the City of Whittier and Downy). Corner Lot which is close to the Corner of Paramount Blvd and Telegraph Road. Inside Total 3,616 Sq.ft. Newer Paint on the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath. Monthly Rent ($1,250 /$1,350 ) with Individually Meters for Gas And Electricity. Schedule Annual Gross Income Approx. $128,400, Annual Expense includes Property Tax, Insurance is Approx. $37,695. Annual Net Operating Income Approx. $90,705. Cap Rate: 5.04% with Current Property Tax. Performa Annual Rental Income will be $137,400. Currently, One Unit is Vacant. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Separate On-Site None Operated Washer or Dryer. Currently No Additional Laundry Income. 8 Parking Spaces in Front of the Building. Close to Freeway 5, Next to the City of Whittier and Downy. Shopping, Restaurants & Parks. Tenants with a “Month-To-Month” Rental Agreement Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment.

: Individual Room
: Sidewalks
Additional Information
Century 21 Care
: Standard

Multi-Family For Sale

8329 Paramount Boulevard, Pico Rivera, California 90660

3,616 Sqft
Listing ID #TR21172468
Basic Details
Status : Active
DaysOnMarket : 48
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : TR21172468
Price : $1,798,000
Living Area : 3,616 Sqft
Lot Size : 6,245 Sqft
Year Built : 1958
Country : US
State : California
County : Los Angeles
City : Pico Rivera
Zipcode : 90660
Price Per Square Foot : $497
ModificationTimestamp : 2021-09-22 09:52:39
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