9743 La Docena Ln - Multi-Family FOR SALE


Pico Rivera, CA 90660- El Rancho
$2,600,000 USD
626-399-2415
9743 La Docena Ln, Pico Rivera, CA for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/6

9743 La Docena Ln
Pico Rivera, CA 90660
El Rancho


HIGHLIGHTS

  • Three separate contiguous APN's- total lot size together is over an acre (43,640 square feet)
  • All single story structures- three duplex's built in 1971 and two single family homes
  • Multiple development opportunities with the vacant 7,139 square foot lot including SB 684 which allows the possibility to sub divide into 10 lots
  • Seven two bedroom units and one three bedroom unit- every unit has a large garage space attached
  • Competitive 12.47 current GRM and 4.7% cap rate on current rents with 35% upside in rents to market rate
  • Pico Rivera does not have any municipal rent control- subject to AB-1482

OVERVIEW

Young Lewin Advisors as the exclusive listing agent is pleased to present 9743-9747 La Docena Ln, three parcels with a total of eight units on an acre lot in Pico Rivera to market. The offering consists of 9743 La Docena Lane (6384-027-024) that provides access to the rear two parcels that make up the entirety of the property. 9743 is on a 25,608 square foot lot that consists of a 2 bed/1.5 bath single family house in the front built in 1947, a 2 bed/1 bath duplex in the middle built in 1971, and a large 3 bed/2 bath house in the rear built in 1960. There is enough room for a detached ADU to be built in front of the 9743 front house (buyer to verify). Access to the 7,139 square foot vacant lot (6284-027-026) is through the 9743 property. Residential zoned, different opportunities to develop the lot exist including SB 684 which allows the possibility to sub divide into 10 lots (buyer to verify). 9747 La Docena Lane (6384-027-032) consists of two identical 2 bed/1 bath duplex's on a 10,893 square foot lot. Only a few multifiamily properties sell in Pico Rivera each year, this is a rare opportunity to acquire an acre of land with future development potential that is making over $17,000 a month in gross rental income.

FOR SALE DETAILS

PRICE

$2,600,000 USD

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

4.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9743 & 9747 La Docena Ln

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

6384-027-024,6384-027-026,6384-027-032

ASK ABOUT THIS PROPERTY

Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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