Pico Rivera, CA 90660,8251 Rosemead BLD
See all 9 photos
Pico Rivera, CA 90660,8251 Rosemead BLD
Pico Rivera, CA 90660,8251 Rosemead BLD
Pico Rivera, CA 90660,8251 Rosemead BLD
Pico Rivera, CA 90660,8251 Rosemead BLD

$1,400,000

Est. payment /mo

$1,450,000

3.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

8251 Rosemead BLD Pico Rivera, CA 90660

0.27 Acres Lot

SOLD DATE : 10/19/2023

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW23142280

Year Built 1979

Lot Size 0.266 Acres

Property Description

We are pleased to present 8251 Rosemead Blvd to market a four unit multifamily property in the city of Pico Rivera. Built in 1979 Rosemead Blvd is a condo style building with units averaging 1,472 square feet, consisting of two identical side by side duplex's with a unit mix of two 3 bed/2 bath units and two 2 bed/2 bath units separately metered for gas, electric, and water. Rents are currently substantially below market (43%) giving a new investor a large amount of upside by raising rents to market with a pro forma cap rate of 6%. With the large condo style units - a new investor can enjoy a premium in rental rates compared to other buildings in the area, in addition to a condo mapping exit strategy, or a potential subdivision to make this two duplex's. The property has four garage spaces in the rear that the current tenants use for storage and parking but this could also be an opportunity for an ADU conversion to add one additional dwelling unit to the property.

Location

State CA

County Los Angeles

Area 649 - Pico Rivera

Interior

Laundry Other

Exterior

Garage Spaces 4.0

Pool None

Building

Water Private

Others

Special Listing Condition Not Applicable

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Listing IDX PLUS
Listed by Jackson Jorgensen • Younglewin Advisors, Inc.
Bought with DOLLY YAU • DOLLY REALTY

The Walker Team

Agent | License ID: 01244287

+1(650) 383-7298

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.