6933 Rosemead Boulevard

57

COUNTRY VIEW, a 40-unit multifamily investment opportunity located in the City of San Gabriel, CA (unincorporated area of Los Angeles County) provides a rare opportunity for investors to acquire a sizable multifamily asset with tremendous upside potential through corrective management to increase the current income. This offering provides an attractive going-in CAP Rate of close to 5% and proforma CAP Rate of close to 6% which provides a whopping over 7% cash-on-cash return with proper financing. The property is located on Rosemead Blvd and is surrounded by single family residential communities, neighborhood shopping centers, and other residential community amenities. It is surrounded by other excellent cities like Arcadia, Pasadena, Temple City, and San Marino. The property is a two-story garden style property that was built in 1964. It has a total of ±23,805 SF and situated on a ±39,273 SF R3 zone lot. It offers an excellent unit mix of five (5) 2bedroom+2bathroom and thirty-five (35) 1bedroom+1bathroom units. Although most of the units have laminate flooring, an astute investor should be able to easily upgrade the units and increase rents to market. Each unit is separately metered for electricity and gas and has windows A/C, wall heater, and ceiling fans in the bedroom. The one bedroom units have one walk-in closet and a regular closet. The property is overparked with a total of 57 covered parking spaces. The building only requires 45 spaces.
6933 Rosemead Boulevard, San Gabriel, CA 91775 | Residential Income | Pending | 23805 SF | 39273 SF Lot | Built 1964 | 2 Stories | MLS# AR20129273

Pending $9,850,000

Features

Garage Spaces: 57 | Parking Spaces: 57 | Pool: No | Colling : Wall/Window Unit(s) | Heating : Wall Furnace

Meet an expert

Troy Palmquist
Agent | DRE# 01772139

805.409.3662

Based on information from California Regional Multiple Listing Service, Inc. as of October 27, 2020. 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.

Listing provided by
Handoko Chen, GIG Real Estate Inc., Source: Local MLS