Seller's Agent in 2022
Teresa Wang
Century Commercial RE Services
(626) 500-5789
1 in this area
22 Total Sales
8329 Paramount Blvd Pico Rivera, CA 90660
3
Beds
3
Baths
3,616
Sq Ft
6,245
Sq Ft Lot
About This Home
As of January 2022*Great Location in the City of Pico Rivera ( Next to City of Whittier ). 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 / $1450 ) 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. 100% Occupancy. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Separate On-Site None-Operated Washer or Dryer. Laundry Room. 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.
Last Agent to Sell the Property
Century Commercial RE Services License #01772547 Listed on: 08/05/2021
Last Buyer's Agent
Ruben Fuentes
Ruben Fuentes, Broker License #01079093
Property Details
Home Type
- Apartment
Year Built
- Built in 1958
Lot Details
- 6,245 Sq Ft Lot
- No Common Walls
- Flag Lot
Interior Spaces
- 3,616 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 15929
- Assessor Parcel Number 6368012027
Community Details
Overview
- 8 Units
Building Details
- 7 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $253
- Fuel Expense $2,609
- Gardener Expense $1,200
- Insurance Expense $1,173
- Professional Management Expense $4,200
- Trash Expense $2,180
- Water Sewer Expense $6,295
- Operating Expense $37,695
- Gross Income $128,400
- Net Operating Income $90,705
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/12/2022 01/12/22 | Sold | $1,900,000 | +5.7% | $525 / Sq Ft | |
| 11/03/2021 11/03/21 | Pending | -- | -- | -- | |
| 08/05/2021 08/05/21 | For Sale | $1,798,000 | +28.4% | $497 / Sq Ft | |
| 05/18/2018 05/18/18 | Sold | $1,400,000 | 0.0% | $387 / Sq Ft | View Prior Sale |
| 05/02/2018 05/02/18 | Pending | -- | -- | -- | |
| 03/20/2018 03/20/18 | For Sale | $1,400,000 | -- | $387 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $27,736 | $2,016,294 | $848,966 | $1,167,328 |
| 2024 | $26,363 | $1,976,760 | $832,320 | $1,144,440 |
| 2023 | $25,650 | $1,938,000 | $816,000 | $1,122,000 |
| 2022 | $19,887 | $1,501,081 | $1,002,508 | $498,573 |
| 2021 | $19,650 | $1,471,649 | $982,851 | $488,798 |
| 2019 | $19,621 | $1,429,440 | $953,700 | $475,740 |
| 2018 | $12,966 | $888,701 | $316,879 | $571,822 |
| 2016 | $11,709 | $852,810 | $304,575 | $548,235 |
| 2015 | $12,473 | $840,000 | $300,000 | $540,000 |
| 2014 | $11,493 | $831,000 | $498,600 | $332,400 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Wang
-
R
Buyer's Agent in 2022
Ruben Fuentes
Ruben Fuentes, Broker
-
Young Kim
Seller's Agent in 2018
Young Kim
Koinos Real Estate Group
(949) 292-1537
75 Total Sales
-
S
Buyer's Agent in 2018
Sheng Wang
Century 21 Care
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR21172468
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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