8329 Paramount Boulevard, Pico Rivera, CA 90660

$1,798,000
3,616
SqFt
List Price
$1,798,000
Status
ACTIVE
MLS#
TR20180661
Year Built
1958
Living Sq. Ft
3,616
Lot Size
6,245
Acres
0.1434
Lot Location
Flag Lot
Days on Market
20
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Level

Property Description

*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: 5.61% with Current Property Tax. Performa Annual Rental Income will be $137,400. 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 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*

Additional Information

Tract Number
15929
Lot Description
Suburban
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$137,400
Operating Expense
27481
Unit One Total Units
7
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
1350.00
Unit One Total Rent
9450.00
Unit One Pro Forma
1445
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1250.00
Unit Two Total Rent
1250.00
Unit Two Pro Forma
1445
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Sheng Wang from Century 21 Care

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.