8202 Rosemead Boulevard, Pico Rivera, California 90660
- $4,250,000
- $4,250,000
Overview
- Apartment, Residential Income
- 12336 Sqft
- 1974
Description
8202 Rosemead Boulevard is centrally located at the southern border of the San Gabriel Valley providing convenient access to the 5, 60 and 605 freeways connecting to all of Los Angeles, Riverside, San Bernardino, and Orange Counties. Significant local landmarks within a 20-mile radius include: Pico Rivera Sports Arena, Crypto Arena, The Rose Bowl, Santa Anita Park, Disneyland Park, the Long Beach Pier, Knotts Berry Farm, The Shops at Montebello, Citadel Outlets, The Commerce Casino & Hotel, and more. Additionally, the property is a short distance to a variety of retail corridors, entertainment, schools, parks, and medical facilities bordering the neighboring cities of Whittier, Downey, Montebello, and El Monte. Significant big box retailers within a short 10-minute drive include Costco, Lowes, Home Depot, and Target to name a few. The city of Pico Rivera is a desirable rental market neighbored by single-family homes and other apartment communities. The property is situated on Rosemead Boulevard between Slauson Avenue and Telegraph Road. 8202 Rosemead Boulevard is a charming, two-story, garden-style, 14-unit property built in 1974. The property offers ±12, 336 square feet of rentable living space and spans across ±22, 838 square feet of land. The unit mix consist of 4, one-bedroom/one-bathroom units and 10, two-bedroom/one-bathroom units with an average unit size of 881 square feet. Tenants currently enjoy property amenities including: secured access, an on-site laundry facility, gated on-site surface parking, and a well-maintained drought tolerant mature landscaping. Unit amenities enjoyed include: wall AC and heating, oven/stove combination, wall-to-wall carpeting, vertical blinds, and individual patios in select units. A new investor has the opportunity to acquire 8202 Rosemead Boulevard with the option to assume attractive in-place debt on the property – a 3.53% Interest Only loan, which will remain in-place until 2026. The presented investment opportunity is fitting for all and will be profitable for both a seasoned or new investor.
Address
Open on Google Maps-
Address: 8202 Rosemead Boulevard
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State/county: CA
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Zip/Postal Code: 90660
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Country: US
Details
Updated on December 29, 2023 at 1:21 am-
Property ID CV23170251
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Price $4,250,000
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Property Size 12336 Sqft
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Land Area 0.5243 Acres
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Year Built 1974
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, 1031 Exchange
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Curbs, Sidewalks
Mortgage Calculator
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