$1,900,000
$1,798,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
6,246 Sqft Lot
SOLD DATE : 01/12/2022
Key Details
Sold Price $1,900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR21172468
Sold Date 01/12/22
HOA Y/N No
Year Built 1958
Lot Size 6,246 Sqft
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 / $1450 ) 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. 100% Occupancy. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Separate On-Site None-Operated Washer or Dryer. Laundry Room. 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.
Location
State CA
County Los Angeles
Area 649 - Pico Rivera
Interior
Fireplace No
Laundry Laundry Room
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Flag Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6368012027
Energy Description 2609.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Ruben Fuentes • American Properties