Description
We are pleased to present, the Rosemead Apartments, a 14-unit apartment community in Pico Rivera. Rosemead Apartments is a well maintained property located on the major thoroughfare of Rosemead Blvd in Pico Rivera. This building is 1974 construction and is comprised of majority large two-bedroom units. Additionally, 9 out of 14 tenants are under Section 8 housing, allowing security of income. This gated community offers covered parking for the tenants, along with electric cooking, gas wall heating, and A/C wall units. This deal offers approximately 50% upside in rental income and the ability to achieve a 5% Cap Rate on market rents. We are pleased to present, the Rosemead Apartments, a 14-unit apartment community in Pico Rivera. Rosemead Apartments is a well maintained property located on the major thoroughfare of Rosemead Blvd in Pico Rivera. This building is 1974 construction and is comprised of majority large two-bedroom units. Additionally, 9 out of 14 tenants are under Section 8 housing, allowing security of income. This gated community offers covered parking for the tenants, along with electric cooking, gas wall heating, and A/C wall units. This deal offers approximately 50% upside in rental income and the ability to achieve a 5% Cap Rate on market rents.
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3BEDS
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0.52ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present, the Rosemead Apartments, a 14-unit apartment community in Pico Rivera. Rosemead Apartments is a well maintained property located on the major thoroughfare of Rosemead Blvd in Pico Rivera. This building is 1974 construction and is comprised of majority large two-bedroom units. Additionally, 9 out of 14 tenants are under Section 8 housing, allowing security of income. This gated community offers covered parking for the tenants, along with electric cooking, gas wall heating, and A/C wall units. This deal offers approximately 50% upside in rental income and the ability to achieve a 5% Cap Rate on market rents. We are pleased to present, the Rosemead Apartments, a 14-unit apartment community in Pico Rivera. Rosemead Apartments is a well maintained property located on the major thoroughfare of Rosemead Blvd in Pico Rivera. This building is 1974 construction and is comprised of majority large two-bedroom units. Additionally, 9 out of 14 tenants are under Section 8 housing, allowing security of income. This gated community offers covered parking for the tenants, along with electric cooking, gas wall heating, and A/C wall units. This deal offers approximately 50% upside in rental income and the ability to achieve a 5% Cap Rate on market rents.
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Source: CRMLS