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    8329 Paramount Boulevard

    Pico Rivera, CA 90660
    • $1,798,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: TR21172468
    UPDATED: 62 min ago
    $1,798,000
    • 0
      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 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 ) 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. Currently, One Unit is Vacant. 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 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/120116297
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    8329 Paramount Boulevard Pico Rivera, CA 90660

    • Price: $1,798,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: TR21172468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1958
    Built
    Neighborhood:
    649 - Pico Rivera
    County:
    Los Angeles
    Area:
    649 - Pico Rivera
    Property Description
    *Great Location in the City of Pico Rivera. 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 ) 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. Currently, One Unit is Vacant. 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 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.
    Exterior Features

    Lot Features Flag Lot Number Of Separate Electric Meters 9 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 253 Fuel Expense 2609 Garage YN No Gross Income 128400 Gross Scheduled Income 128400 Insurance Expense 1173 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 90705 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 37695 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 9350 Trash Expense 2180 Water Sewer Expense 6295 Water Source Public

    Listing provided courtesy of Sheng Wang of Century 21 Care


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373