5101 Lindsey Ave & 9148 Verner St - Apartments FOR SALE


Pico Rivera, CA 90660
$1,750,000 USD
626-500-5789
5101 Lindsey Ave & 9148 Verner St, Pico Rivera, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/50
null | 5.06% Cap Rate

5101 Lindsey Ave & 9148 Verner St
Pico Rivera, CA 90660


OVERVIEW

ConNext to the City of Whittier. Easy - Maintained 6-unit Apartment Located on a Corner Lot (Lindsey Ave & Verner St) in a desirable neighborhood of Pico Rivera. Consists of a 2-story 4-Plex in front with (4) 2BD/1 BA units and a Duplex in the rear with (2) 1BD/1 BA units situated over (2) 2-car Garages. 4-Plex In the Front Plus Duplex at the Back (9148 #A & 9148 #B Verner St) which the back Duplex has been renovated. Annual Schedule Gross Income is $128,100.00 Plus Additional Garage Rental Annual Income $ 4,800.00 ; Annual Expense with Property Tax, Insurance, and All Utilities is $ 44,352.00; Annual Schedule Net Operating Income is $ 88,548.00. Annual Proforma Schedule Gross Income Approx. $132,900.00 . There are 2 Water Heaters, 7 Electric Meters, and 5 Gas Meters (The owner pays for gas for tenants in Duplex and Laundry usage). Garages are currently rented out ( $100 Per Month Per Garage ), tenants park on the street. Onsite Laundry Room with 2 sets of Owner's owner-supplied washers/dryers. Dual Pane Windows, New Sewer, Water Lines, Newer Water Heaters, and Exterior Stairways, The Duplex has fully Renovated Flooring and stairs. Property Close to the Freeway and has many Stores, a Shopping Center, and a Gas Station nearby. The Bus Station is within walking distance of the property. Located in proximity to shopping center and bus stop.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,297 SF

ZONING

SF, Pico Rivera

APN/PARCEL ID

6377-002-016

ASK ABOUT THIS PROPERTY

Teresa WangCentury Commercial RE ServicesMore Info
626-500-5789

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Teresa WangCentury Commercial RE ServicesMore Info
626-500-5789

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