4707 Rosemead Blvd - Apartments FOR SALE


Pico Rivera, CA 90660- El Rancho
$5,500,000 USD
562-512-0996
4707 Rosemead Blvd, Pico Rivera, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/11
null | 5.53% Cap Rate

4707 Rosemead Blvd
Pico Rivera, CA 90660
El Rancho


HIGHLIGHTS

  • Coveted Submarket with No Local Rent Control: No commercial multifamily sales in Pico Rivera in 2024, and properties are only subject to AB-1482
  • Prime Location with 80 “Walk Score”: Close Proximity to key employment centers and dining, shopping and entertainment are just steps away
  • Desirable Unit Mix: 65% two-bedroom units, ideal for long-term tenant retention and strong rental demand
  • Detached ADU Opportunity: Opportunity to add 5 additional detached ADU’s with new SB-1211 implementation, subject to setback and height limits
  • Turnkey Renovations: Fully renovated units, including fresh exterior paint, a new electric system, and updates to 79% of the existing units
  • Appealing Amenities: Washer/dryer hookups in select units, on-site parking, communal spaces, and office space for a property manager

OVERVIEW

Lyon Stahl is 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. The City of Pico Rivera is spearheading the development of a regional north-south bus rapid transit corridor along Rosemead/Lakewood Boulevard. The Rosemead/Lakewood Boulevard Complete Corridor Project will enhance public transit, walkability, and economic development through Bus Rapid Transit (BRT) and transit-oriented improvements. For a multifamily building, this means increased tenant demand, higher property value, and better accessibility, making it a more attractive investment for future buyers. 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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$608 USD /SF

# OF UNITS

16

PRICE/UNIT

$343,750

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,906 SF

ZONING

PRRM*

APN/PARCEL ID

6374-030-022

ASK ABOUT THIS PROPERTY

Ryan GonzalezLyon Stahl Investment Real EstateMore Info
562-512-0996

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Ryan GonzalezLyon Stahl Investment Real EstateMore Info
562-512-0996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.