8329 Paramount Boulevard

    Pico Rivera, CA 90660
    • $1,980,000
    • STATUS: ACTIVE
    • ON SITE: 39 days
    • ID#: 302440516
    UPDATED: 18 min ago
    $1,980,000
    • 2
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    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 of the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath, Monthly Rent ( $1,250 *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 of 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*

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/103310148

    8329 Paramount Boulevard Pico Rivera, CA 90660

    • Price: $1,980,000
    • Status: ACTIVE
    • Updated: 18 min ago
    • ID#: 302440516
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1958
    Built
    Neighborhood:
    Pico Rivera (90660)
    County:
    Los Angeles
    Area:
    Pico Rivera (90660)
    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 of the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath, Monthly Rent ( $1,250 *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 of 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*
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 5.1 Annual Expense Actual 27481 Buildings 1 Gross Scheduled Income Actual 137400 Home Owners Fees 0.0 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1350.0 Unit2 Rent Actual 1250.0 Water Meter On Property

    Listing provided courtesy of Century 21 Care. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130