*Great Location in the City of Pico Rivera. The Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. Two-Story 8-Unit Apartment Building is Located in High Demand Rental Desirable Neighborhood in the City of Pico River (Next to City of Whittier). Corner Lot which is close to the Corner of Paramount Blvd and Telegraph Road. Inside Total 3,616 Sq.ft. New 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. Annual Gross Income Approx. $128,400, Annual Expense includes Property Tax, Insurance is Approx. $27,481. Annual Net Operating Income Approx. $100,919. Cap Rate: 5.1% with Current Property Tax. Performa Annual Rental Income will be $137,400. Landlord Only 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 City of Whittier, 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. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Listing courtesy of Sheng Wang from Century 21 Care
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