Ashley Kay
Re/Max Champions
(909) 490-3995
42 Total Sales
2 in Pico Rivera
$7K - $668K Price Range
8202 Rosemead Blvd Pico Rivera, CA 90660
Pico Rivera Area
3
Beds
2
Baths
12,336
Sq Ft
0.52
Acre Lot
Highlights
- 0.52 Acre Lot
- No HOA
- Laundry Facilities
- Opelika High School Rated A-
- Cooling System Mounted To A Wall/Window
- Wall Furnace
About This Home
As of December 20238202 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.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 22,838 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 12,336 Sq Ft Home
- 2-Story Property
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2023
Closed on
Nov 27, 2023
Sold by
Bought by
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$4,250,000
Sold Price
$4,150,000
Premium/Discount to List
-$100,000
-2.35%
Views
46
Purchase Details
Closed on
Sep 18, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
3.86%
Mortgage Type
Commercial
Purchase Details
Closed on
May 4, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,267,500
Interest Rate
3.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 5, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.3%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pico Rivera, CA
-
Ashley Kay
-
Veraniz Nelson
Veraniz Nelson
VISMAR REAL ESTATE
(626) 618-7670
18 Total Sales
1 in Pico Rivera
$655,000 Price
-
Armando Arenas
Armando Arenas
GEORGE MICHAEL REALTY
(562) 454-0391
43 Total Sales
1 in Pico Rivera
$624,000 Price
-
Emma Perez
Emma Perez
Responds QuicklyCentury 21 Cornerstone
(747) 223-6382
81 Total Sales
1 in Pico Rivera
$838,000 Price
-
Silvana Sarkis
Silvana Sarkis
Responds QuicklyAmerican Classic Realty
(657) 220-8075
40 Total Sales
1 in Pico Rivera
$730,000 Price
-
Pedro Torres Jr.
Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
1 in Pico Rivera
$685,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,150,000 | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| $2,025,000 | Fidelity National Title | ||
| -- | Chicago Title Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,000,000 | ||
| Previous Owner | $2,100,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $1,267,500 | ||
| Previous Owner | $600,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $58,036 | $4,233,000 | $1,785,000 | $2,448,000 |
| 2024 | $54,850 | $4,150,000 | $1,750,000 | $2,400,000 |
| 2023 | $33,404 | $2,396,803 | $887,702 | $1,509,101 |
| 2022 | $31,980 | $2,349,808 | $870,297 | $1,479,511 |
| 2021 | $31,554 | $2,303,734 | $853,233 | $1,450,501 |
| 2019 | $31,480 | $2,235,406 | $827,927 | $1,407,479 |
| 2018 | $30,487 | $2,191,576 | $811,694 | $1,379,882 |
| 2016 | $27,450 | $2,106,476 | $780,176 | $1,326,300 |
| 2015 | $27,970 | $2,074,836 | $768,458 | $1,306,378 |
| 2014 | $26,712 | $2,034,193 | $753,405 | $1,280,788 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Seller's Agent in 2023
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23170251
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.
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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