CA > Pico Rivera
Pico Rivera, CA 90660,4707 Rosemead Blvd
Pico Rivera, CA 90660,4707 Rosemead Blvd
Pico Rivera, CA 90660,4707 Rosemead Blvd
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,500,000
Est. payment /mo
0.34 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25241760

HOA Y/N No

Year Built 1962

Lot Size 0.342 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present 4707 Rosemead Blvd, a 16 unit multi-family property located in Pico Rivera, California. Built in 1962, the subject property consists of approximately 11,087 rentable square feet spread throughout a .34-acre lot. The building consists of (4) 1-Bedroom / 1-Bathroom, (1) 1-Bedroom / 1-Bathroom ADU, (9) 2-Bedroom / 1-Bathroom, and (2) 2-Bedroom / 2-Bathroom ADU units. The property is ideally located at the corner of Olympic Blvd and Rosemead Blvd, surrounded primarily by single-family homes, making it the only apartment building on the block. It also offers 12 on-site parking spaces for residents, adding convenience and value.

4707 Rosemead is a true pride of ownership asset. Newly renovated and boasting excellent curb appeal, the building has undergone extensive renovations recently, including new electrical systems, fresh exterior paint, wooden accent facade, and new turf. In addition, 79% of the existing units have been recently upgraded, and the three newly built ADUs are thoughtfully designed and meticulously finished, offering modern amenities and exceptional appeal for investors.

Pico Rivera, CA, offers numerous benefits, including strong economic growth, a strategic location, and a thriving community. Situated just 13 miles southeast of downtown Los Angeles, the city provides easy access to major freeways, rail lines, and international ports, making it an attractive destination for businesses and residents alike. With a population of nearly 60,000 and a median household income of $82,539, Pico Rivera boasts a stable housing market and a strong demand for rental properties. The city continues to invest in infrastructure, parks, and public amenities, enhancing the quality of life for its residents. Additionally, its mix of residential, commercial, and industrial developments presents diverse opportunities for real estate investors looking for long-term growth and stability.

4707 Rosemead Blvd presents a prime investment opportunity in Pico Rivera, delivering immediate cash flow and significant long-term growth potential. This strategically located property features an appealing unit mix in a high-demand rental market, making it an excellent addition for any investor looking to expand their portfolio.

Location

State CA

County Los Angeles

Area 649 - Pico Rivera

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Street Lights, Sidewalks

Private Pool No

Building

Lot Description Landscaped, Walkstreet, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6374030022

Energy Description 3452.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Ryan Gonzalez Lyon Stahl Investment Real Est ryan.gonzalez@lyonstahl.com

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