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8329 Whittier BLVD Pico Rivera, CA 90660
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR16701019
Year Built 1988
Property Description
STORES & RESIDENTIAL (3BR & 2BR), LOWER THAN MARKET VALUE!
PERFECT OWNER-USER OR INVESTMENT OPPORTUNITY
Situated on the North East corner of Whittier Blvd and Orange St. in a great Pico Rivera area. 2 AIN No.: 6347-025-001 (Commercial) & 6347-025-002 (Vacant Land), 2 Stores (1 with bath, 1 with bath & office/storage), 2 Residential (3 Beds/1 Bath, 2 Beds & 1 Bath). Total 4,896 Building SqFt, 6,335 SqFt Land, Built in 1988. Stores on 1st floor currently the market is using all (Northwest corner used to be a flower shop), residential apt. on the 2nd floor. 6 parking spaces for stores, 2 car parking available at backyard for residence.
5.14% Stabilized Cap Rate with current rent & New Tax. Huge Potential for Growth. The rents have been raised BARELY for last 14 years. LOWER THAN CURRENT MARKET RENT!
Walking distance to Pio Pico Elementary School, close to major super markets and restaurants, and easy access to freeways.
Location
State CA
County Los Angeles
Area 649 - Pico Rivera
Exterior
Community Features Park
Building
Lot Description Corner Lot, No Landscaping, Near Park, Near Public Transit, Walkstreet
Story 2
Water Public
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with James Ko • New Star Realty & Investment
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