Pico Rivera, CA 90660,8329 Whittier BLVD

$725,000

$739,000

1.9%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 11/14/2016

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

Sold Date 11/14/16

HOA Y/N No

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

Interior

Fireplace No

Exterior

Community Features Park

Total Parking Spaces 8

Building

Lot Description Corner Lot, No Landscaping, Near Park, Near Public Transit, Walkstreet

Story 2

Water Public

Others

Tax ID 6347025001

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anna Yang • New Star Realty & Inv.
Bought with James Ko • New Star Realty & Investment
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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