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Sold for $4,150,000 on 12/28/23
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    $4,150,000

    8202 Rosemead Blvd, Pico Rivera, CA 90660

    --beds
    --baths
    12,336sqft
    Multi Family
    Built in 1974
    -- sqft lot
    $3,988,400 Zestimate®
    $336/sqft
    $1,951 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: December 28, 2023 at 05:21pm

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV23170251MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 12,336
    • Total interior livable area: 12,336 sqft

    Property

    Parking
    • Total spaces: 18
    • Parking features: Carport
    • Carport spaces: 12
    • Uncovered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.52 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 6387001015
    • Zoning: PRRM*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Pico Rivera

    HOA & financial

    Other financial information
    • Total actual rent: 267792

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $3,988,400

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $3,988,400