9212 Burke St - Apartments FOR SALE


Pico Rivera, CA 90660- El Rancho
$10,975,000 USD
949-756-3232
9212 Burke St, Pico Rivera, CA for Sale
$10,975,000 USD
Apartments - FOR SALE
1/6
null | 6.25% Cap Rate

9212 Burke St
Pico Rivera, CA 90660
El Rancho


HIGHLIGHTS

  • 6.3% CAP and 9.74 GRM on Current Income
  • Well-Maintained Property with Large Leasing Office and Majority Upgraded Units
  • Excellent Pico Rivera Location, Just North of Downey and Adjacent to Major Retail
  • Property Upgrades Include New Subpanels and SB 721 Clearance
  • Not Subject to Rent Control Other Than AB 1482

OVERVIEW

We are pleased to present Burke Apartments, a 44-unit multifamily investment opportunity in a desirable Pico Rivera neighborhood. The property features a mix of one- and two-bedroom floor plans and offers a 6.3% cap rate and 9.74 GRM based on current income. Capital improvements include new electrical subpanels and completion of the SB 721 balcony inspection and clearance. Community amenities include a swimming pool, ample covered parking with storage, a leased laundry facility, and a large leasing office with a restroom. Nearly all units feature vinyl windows, while interior amenities include gas cooking, wall-mounted air conditioning, and gas wall heating. The property also benefits from a RUBS program and individually metered gas and electricity, supporting utility expense recovery. Burke Apartments offers a well-maintained investment opportunity with strong in-place income.

FOR SALE DETAILS

PRICE

$10,975,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

44

PRICE/UNIT

$249,432

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9212 Burke

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,115 SF

ZONING

RM, Pico Rivera

APN/PARCEL ID

6382-027-004,6382-027-005

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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Chris KeramatiTriqor GroupMore Info
949-756-3232

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