2030-2040 Sierra Leone Ave - Apartments FOR SALE


La Puente, CA 91748
$3,250,000 USD
626-283-8800
2030-2040 Sierra Leone Ave, La Puente, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/27
null | 3.69% Cap Rate

2030-2040 Sierra Leone Ave
La Puente, CA 91748


OVERVIEW

For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a two-parcel, 10-unit apartment complex. The sale includes two adjacent apartment buildings: one 4-unit and one 6-unit, totaling 8,864 square feet. The property is situated on two parcels of fee-simple land, totaling approximately 0.45 acres, in the densely populated city of Rowland Heights. Eight of the units were constructed in 1963, with two additional units built in 1981. The two buildings can be sold together or separately. This well-maintained, two-story multifamily property is located in a highly desirable area. All units feature 2 bedrooms and 1 bathroom, with remodeled wood or tile flooring. Both buildings have been renovated, including updates to copper piping, a newer roof, two newly installed water heaters, and resurfaced parking (18 total carports or open parking spaces). The property is currently 90% occupied, with one unit available to be delivered vacant, offering the potential for increased rental income for the new owner. This is a rare opportunity to own a multifamily property in a high barrier-to-entry market.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

10

PRICE/UNIT

$325,000

CAP RATE

3.69%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,650 SF

ZONING

R3

APN/PARCEL ID

8253-003-003,8253-003-004

ASK ABOUT THIS PROPERTY

Danni ShenHarvest Realty DevelopmentMore Info
626-283-8800

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Danni ShenHarvest Realty DevelopmentMore Info
626-283-8800

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