Current Listing | 7 Unit Building in Pico Rivera with Space to Expand
Stephen Takahashi, Johnnie Stiegler, and Isaac Rosales of Lyon Stahl Investment Real Estate are pleased to present 7314 Rosemead Blvd, a substantially remodeled 7 unit property in Pico Rivera.
This property is listed at $2,375,000
This property contains 7 units, consisting of (1) 2-bedrooom/1-bath unit and (6)1-bedroom/1-bath units.
The building and each of the units has been substantially remodeled! The upgrades include a new roof, all new electrical, copper plumbing, windows, interior fixtures, doors, walls, paint, AC, new kitchens, bathrooms, and more. The subject property will come with a 24-month builder’s warranty.
This opportunity is a great investment with little to non-upfront maintenance in a continually growing rental market.
7314 Rosemead Blvd also may offer an opportunity to build additional units on the lot. Sitting on a 27,152 Sq Ft RM lot, there is ample space to add additional units on. BUYER TO VERIFY
This remodeled building will be a great investment during this time of uncertainty by generating guaranteed income from the government. 7314 Rosemead Blvd is offering repositioned vetted tenants by a local market management company specializing in subsidized income for over 40 years!
No need to worry about underperforming rents and the issues with statewide rent control from raising rents. The 1-bed/1-bath units are currently leased at $1,785 and the 2-bed/1-bath at $1,985 where an owner can increase the rents annually at 8.34%
For more information on this property:
Contact for More Information:
Stephen Takahashi: [email protected]
Johnnie Stiegler: [email protected]
Isaac Rosales: [email protected]