NOT LISTED FOR SALE

8202 Rosemead Blvd Pico Rivera, CA 90660

3 Beds
2 Baths
12,336 Sq Ft
0.52 Acres

Last Sold December 28, 2023

Last sale price $4,150,000 $336 Per Sq Ft

31 Days on Market

Highlights

  • 0.52 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Laundry Room

About This Home

As of December 2023

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.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 09/11/2023

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 09/11/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.52 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 12,336 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 18 Parking Spaces
  • 12 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 502602
  • Assessor Parcel Number 6387001015
  • $4,716 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Fuel Expense $6,000
  • Gardener Expense $1,800
  • Insurance Expense $4,200
  • Maintenance Expense $9,100
  • Other Expense $2,800
  • Professional Management Expense $7,200
  • Trash Expense $5,016
  • Water Sewer Expense $6,600
  • New Taxes Expense $54,027
  • Operating Expense $98,183
  • Gross Income $270,472
  • Net Operating Income $164,175

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • CapRate: 3.86
  • Other Phone Description: Justino Fa'aola
  • Other Phone Number: 626-315-7603
  • Price Per Unit: 303571
  • Professional Management Expense: 7200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6600.00
  • Zoning: PRRM*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 6387001015
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 336.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5016.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 22838.00
  • Lot Size Acres: 0.5243

Multi Family

  • Electric Expense: 1440.00
  • Fuel Expense: 6000.00
  • Gross Income: 270472.00
  • Gross Multiplier: 15.87
  • Gross Operating Income: 262358.00
  • Gross Scheduled Income: 270472.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 22838.0000 Square Feet
  • Maintenance Expense: 9100.00
  • Net Operating Income: 164175.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 98183.00
  • Other Expense: 2800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 267792.00
  • Total Expenses: 98183.00
  • Vacancy Allowance: 8114

Tax Info

  • New Taxes Expense: 54027.00
  • Tax Census Tract: 5026.02
  • Tax Lot: 1
  • Tax Tract Number: 502602
  • TaxOtherAnnualAssessmentAmount: 4716.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2023 12/28/23 Sold $4,150,000 -2.4% $336 / Sq Ft
09/11/2023 09/11/23 For Sale $4,250,000 -- $345 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Chen

    Seller's Agent in 2023

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    1 in this area

    60 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23170251

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pico Rivera 90660

8202 Rosemead Blvd, Pico Rivera, CA

This home is located at 8202 Rosemead Blvd, Pico Rivera, CA 90660 since 11 September 2023. This property was built in 1974. 8202 Rosemead Blvd is a home located in Los Angeles County with nearby schools including Magee Academy of Arts & Sciences, The STEAM Academy @ Burke, and El Rancho High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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