J
Seller's Agent in 2024
Jackson Jorgensen
Younglewin Advisors, Inc.
(562) 318-0215
23 Total Sales
9032 Burma Rd Pico Rivera, CA 90660
Pico Rivera AreaEstimated Value: $1,375,000 - $1,477,062
9
Beds
4
Baths
4,616
Sq Ft
$310/Sq Ft
Est. Value
About This Home
As of July 2024We are pleased to present to market 9032 Burma Road in Pico Rivera, CA. With a phenomenal unit mix of large units averaging 1,154 square feet the property consists of all two and three bedroom units, 40% rental upside, and a large 3 bed owners unit. This presents a great opportunity for a seasoned or owner user investor to acquire a turn key building in a great sub market of Los Angeles. 9032 Burma Road consists of a large 3 bed/1 bath house built in 1952, and three 2 bed/2 bath units in the rear that were built in 1989. There are three single car garages in the rear of the property along with ample space for more parking. The property is separately metered for gas and electricity. Pico Rivera currently has no municipal rent control and this property falls under AB-1482 allowing for higher rent increases. The property lies on a quiet street surrounded by new construction buildings and is minutes away from the 605 and 5 freeways making it ideal for commuters.
Last Agent to Sell the Property
Younglewin Advisors, Inc. Brokerage Email: jackjorgs@gmail.com License #02022727 Listed on: 03/26/2024
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 9,979 Sq Ft Lot
- 1 Common Wall
- Front Yard
Parking
- 3 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,616 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Tax Tract Number 502
- Assessor Parcel Number 6381017017
- $3,013 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Trash Expense $400
- Water Sewer Expense $3,600
- Operating Expense $36,211
- Gross Income $99,600
- Net Operating Income $60,401
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
Mar 26, 2024
Closed on
Jun 26, 2024
Sold by
Bought by
Seller's Agent
Jackson Jorgensen
Younglewin Advisors, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,600,000
Sold Price
$1,452,000
Premium/Discount to List
-$148,000
-9.25%
Views
107
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,734
Avg. Annual Appreciation
-0.75%
Original Mortgage
$1,043,000
Outstanding Balance
$1,021,003
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$409,263
Purchase Details
Closed on
May 21, 2020
Sold by
Bought by
Purchase Details
Closed on
Jan 22, 2020
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
$770,000
Interest Rate
3.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2019
Sold by
Bought by
Purchase Details
Closed on
Jul 31, 2012
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,452,000 | Ticor Title | ||
| -- | None Available | ||
| -- | Servicelink | ||
| -- | Servicelink | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $1,043,000 | ||
| Previous Owner | $237,000 | ||
| Previous Owner | $772,500 | ||
| Previous Owner | $770,000 | ||
| Previous Owner | $48,000 |
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 |
|---|---|---|---|---|
| 07/23/2024 07/23/24 | Sold | $1,452,000 | -3.2% | $315 / Sq Ft |
| 05/14/2024 05/14/24 | Price Changed | $1,500,000 | -3.2% | $325 / Sq Ft |
| 04/24/2024 04/24/24 | Price Changed | $1,550,000 | -3.1% | $336 / Sq Ft |
| 03/26/2024 03/26/24 | For Sale | $1,600,000 | -- | $347 / 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 | $21,410 | $1,452,000 | $800,000 | $652,000 |
| 2024 | $15,962 | $1,068,458 | $614,792 | $453,666 |
| 2023 | $15,520 | $1,047,509 | $602,738 | $444,771 |
| 2022 | $14,826 | $1,026,970 | $590,920 | $436,050 |
| 2021 | $14,406 | $1,006,834 | $579,334 | $427,500 |
| 2020 | $10,112 | $626,146 | $253,626 | $372,520 |
| 2019 | $9,929 | $613,869 | $248,653 | $365,216 |
| 2018 | $9,296 | $601,833 | $243,778 | $358,055 |
| 2016 | $8,422 | $578,465 | $234,313 | $344,152 |
| 2015 | $8,305 | $569,777 | $230,794 | $338,983 |
| 2014 | $8,222 | $558,617 | $226,274 | $332,343 |
Source: Public Records
Agents Affiliated with this Home
-
Jackson Jorgensen
-
G
Buyer's Agent in 2024
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24060420
APN: 6381-017-017
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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