Pico Rivera, CA 90660,8202 Rosemead Boulevard
Pico Rivera, CA 90660,8202 Rosemead Boulevard
Pico Rivera, CA 90660,8202 Rosemead Boulevard
$4,150,000
Est. payment /mo
$4,250,000
2.4%
Est.Price: ?

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3 Beds
2 Baths
0.52 Acres Lot
SOLD DATE : 12/28/2023

Key Details

Sold Price $4,150,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23170251

Sold Date 12/28/23

Bedrooms 3

HOA Y/N No

Lot Size 0.524 Acres

Property 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 ameni
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.

Location

State CA

County Los Angeles

Area Pico Rivera (90660)

Zoning Assessor

Interior

Cooling Wall/Window

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $393

Acceptable Financing Cash, Exchange

Space Rent $1,469

Listing Terms Cash, Exchange

Financing Assumable

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San Diego Regional MLS (SDMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS
Bought with ERIC CHEN • CB RICHARD ELLIS

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agent

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate | CA DRE#01264878

Broker Associate CA DRE#01264878

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