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    6644 Rosemead Boulevard

    San Gabriel, CA 91775
    • $9,100,000
    • STATUS: ACTIVE
    • ON SITE: 146 days
    • ID#: 302647672
    Price Reduced
    UPDATED: 194 min ago
    $9,100,000
    • 3
      BEDS
    • 0.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    6648 Rosemead Blvd., a 32-unit completely upgraded apartment investment opportunity located in the City of San Gabriel, CA. The property is unique due to its strategic location in the north side of City of San Gabriel, bordered by the City of Arcadia on its east side, and the City of Pasadena on its north side. The property is assigned to Temple City Unified School District (Longden Elementary, Oak Ave Intermediate, and Temple City High School), which considered as one of the best school districts in West 6648 Rosemead Blvd., a 32-unit completely upgraded apartment investment opportunity located in the City of San Gabriel, CA. The property is unique due to its strategic location in the north side of City of San Gabriel, bordered by the City of Arcadia on its east side, and the City of Pasadena on its north side. The property is assigned to Temple City Unified School District (Longden Elementary, Oak Ave Intermediate, and Temple City High School), which considered as one of the best school districts in West San Gabriel Valley area. The property is a two-story garden style apartment with a center courtyard and many amenities. It was built in 1966 and is situated on a large 31,643 square feet lot. It has secured entry, sundeck, security cameras installed, center courtyard, intercom system, barbeque area, and bike rack. It is separately metered for electricity and gas. The property offers a desirable unit mix of eighteen (18) 2bed+1bath units and fourteen (14) 1bed+1bath units. It has 35 parking spaces (30 carports + 1 garage + 4 open space parking) with an ability to add 2 more space by re-striping the open space area. The property has been renovated with many capital improvements which includes new roof, new dual pane windows throughout, new exterior paint, new fiberglass decking and sealing for 2nd floor walkway, new rain gutter system, new landscaping and sprinkler system, new water heaters, new entrance system, and many more.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/109417004
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    6644 Rosemead Boulevard San Gabriel, CA 91775

    • Price: $9,100,000
    • Status: ACTIVE
    • Updated: 194 min ago
    • ID#: 302647672
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.72
    Acres
    1962
    Built
    Neighborhood:
    San Gabriel (91775)
    County:
    Los Angeles
    Area:
    San Gabriel (91775)
    Property Description
    6648 Rosemead Blvd., a 32-unit completely upgraded apartment investment opportunity located in the City of San Gabriel, CA. The property is unique due to its strategic location in the north side of City of San Gabriel, bordered by the City of Arcadia on its east side, and the City of Pasadena on its north side. The property is assigned to Temple City Unified School District (Longden Elementary, Oak Ave Intermediate, and Temple City High School), which considered as one of the best school districts in West 6648 Rosemead Blvd., a 32-unit completely upgraded apartment investment opportunity located in the City of San Gabriel, CA. The property is unique due to its strategic location in the north side of City of San Gabriel, bordered by the City of Arcadia on its east side, and the City of Pasadena on its north side. The property is assigned to Temple City Unified School District (Longden Elementary, Oak Ave Intermediate, and Temple City High School), which considered as one of the best school districts in West San Gabriel Valley area. The property is a two-story garden style apartment with a center courtyard and many amenities. It was built in 1966 and is situated on a large 31,643 square feet lot. It has secured entry, sundeck, security cameras installed, center courtyard, intercom system, barbeque area, and bike rack. It is separately metered for electricity and gas. The property offers a desirable unit mix of eighteen (18) 2bed+1bath units and fourteen (14) 1bed+1bath units. It has 35 parking spaces (30 carports + 1 garage + 4 open space parking) with an ability to add 2 more space by re-striping the open space area. The property has been renovated with many capital improvements which includes new roof, new dual pane windows throughout, new exterior paint, new fiberglass decking and sealing for 2nd floor walkway, new rain gutter system, new landscaping and sprinkler system, new water heaters, new entrance system, and many more.
    Exterior Features

    Parking Garage Desc Unit1 Assigned Pool N/K

    Interior Features

    Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Units With Cooling 32 Units With Range Oven 32 Units With Refrigerators 0

    Property Features

    Actual Cap Rate 4.01 Annual Expense Actual 209280 Assessments Yes/Remarks Buildings 1 Gross Rent Multiplier Actual 15.37 Gross Scheduled Income Actual 591975 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1626.0 Unit2 Rent Actual 1408.0 Zoning Assessor

    Listing provided courtesy of Gig Real Estate Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128