8222 Rosemead Blvd - Apartments FOR SALE


Pico Rivera, CA 90660
$18,825,000 USD
949-756-3232
8222 Rosemead Blvd, Pico Rivera, CA for Sale
$18,825,000 USD
Apartments - FOR SALE
1/10
null | 5.68% Cap Rate

8222 Rosemead Blvd
Pico Rivera, CA 90660


HIGHLIGHTS

  • Approximate 6% Cap Rate on Current Income
  • Well-Maintained Community with a New Roof and Copper Plumbing
  • Situated on Major Thoroughfare with Excellent Street Frontage
  • Majority Renovated Units with Custom Finishes
  • Gated and Upgraded Community with Renovated Pool Area, Landscaping, and Exteriors

OVERVIEW

The Island Apartment Homes in Pico Rivera, CA, is a well-maintained, gated community offering a mix of studio and 1-bedroom units. The property features remodeled exteriors, a recently replaced roof, copper plumbing, and resort-style landscaping. Residents enjoy a range of modern amenities, a security camera system, a laundry facility, an on-site leasing office, bike storage, and remote access parking. The complex boasts a renovated pool area with designer furniture and lighting, as well as double grill stations for outdoor dining. About 85% of the units have undergone significant renovations and are upgraded with quartz countertops, custom kitchen cabinets, single bowl undermount sinks, stainless steel appliances, vinyl plank flooring, remodeled bathrooms, wall A/C and heating units, ceiling fans, large closets, and dual-pane windows. Operational efficiency is enhanced by individual electric meters for all units and the use of a RUBS (Ratio Utility Billing System) Program. The property offers an approximate 6% cap rate on current income, making it a strong investment opportunity. With its upgraded amenities, resort-like atmosphere, and desirable location, The Island Apartment Homes presents a solid return on investment and potential for further rental upside.

FOR SALE DETAILS

PRICE

$18,825,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

78

PRICE/UNIT

$241,346

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Island Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

RM, Pico Rivera

APN/PARCEL ID

6387-002-022

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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

Chris KeramatiTriqor GroupMore Info
949-756-3232

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