$2,300,000
SOLD MAR 18, 2025

8729 Olympic Blvd Pico Rivera, CA 90660

17 Beds
6 Baths
6,469 Sq Ft
0.49 Acres

Recently Sold

$356 Per Sq Ft

4% Below List Price

50 Days on Market

Highlights

  • 0.49 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2025

GREAT MULTI-UNIT INVESTMENT OPPORTUNITY IN PRIME LOCATION OF PICO RIVERA! 6 unit one story duplex style complex in the heart of Pico Rivera. Both front units are freestanding single family units and back units are duplexes on a huge 20,000+ sf lot. This property is on a 0.49 acre lot and has great potential for redevelopment. Unique property investment with huge upside and not many like this in the marketplace. DO NOT MISS OUT ON THIS DEAL!

Last Agent to Sell the Property

Michelle Tsang

MGR REAL ESTATE, INC. Brokerage Email: mtsang@mgrrealestate.com License #01992330 Listed on: 10/29/2024

MGR REAL ESTATE, INC.

Co-Listed By

Warren Tsang

MGR REAL ESTATE, INC. Brokerage Email: mtsang@mgrrealestate.com License #01993434

Last Buyer's Agent

Canbin Lin

Treeline Realty & Investment License #01922887

Treeline Realty & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 0.49 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 6,469 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11239
  • Assessor Parcel Number 6374033006
  • $2,672 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,078
  • Trash Expense $5,067
  • Water Sewer Expense $2,400
  • Operating Expense $21,722
  • Gross Income $156,768
  • Net Operating Income $107,283

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Other Phone Number: 9512831888
  • Price Per Unit: 400000
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: PRRM*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6374033006
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 355.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 5067.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 21181.00
  • Lot Size Acres: 0.4862

Multi Family

  • Gross Income: 156768.00
  • Gross Scheduled Income: 156768.00
  • Insurance Expense: 6078.00
  • Lot Size Area: 21181.0000 Square Feet
  • Net Operating Income: 107283.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 45722.00
  • Rent Control: No
  • Total Actual Rent: 13064.00
  • Total Expenses: 21722.00

Tax Info

  • Tax Census Tract: 5006.00
  • Tax Lot: 1
  • Tax Tract Number: 11239
  • TaxOtherAnnualAssessmentAmount: 2672.00

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
03/18/2025 03/18/25 Sold $2,300,000 0.0% $356 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
12/18/2024 12/18/24 Off Market $2,300,000 -- --
10/29/2024 10/29/24 For Sale $2,400,000 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Tsang

    Seller's Agent in 2025

    Michelle Tsang

    MGR REAL ESTATE, INC.

    (951) 283-8868

    2 in this area

    10 Total Sales

    Section Image
  • Warren Tsang

    Seller Co-Listing Agent in 2025

    Warren Tsang

    MGR REAL ESTATE, INC.

    (951) 283-1888

    2 in this area

    7 Total Sales

    Section Image

  • C

    Buyer's Agent in 2025

    Canbin Lin

    Treeline Realty & Investment

    (626) 376-2999

    1 in this area

    1 Total Sale

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24222826

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pico Rivera 90660

8729 Olympic Blvd, Pico Rivera, CA

This home is located at 8729 Olympic Blvd, Pico Rivera, CA 90660 and is currently priced at $2,300,000, approximately $355 per square foot. This property was built in 1943. 8729 Olympic Blvd is a home located in Los Angeles County with nearby schools including North Ranchito Elementary School, North Park Middle School, and Ruben Salazar Continuation 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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