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5101 Lindsey Ave & 9148 Verner St

6 Unit Block of Flats £1,391,982 (£231,997/Unit) 5.06% Net Initial Yield Pico Rivera, CA 90660

Executive Summary

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.

Attachments

Rent Roll Upd Dec. 2024- 6 U-5101 Lindsey Ave Pico Rivera CA 90660
Expense Upd Dec. 2024- 6 U-5101 Lindsey Ave Pico Rivera CA 90660

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,391,982
Price Per Unit £231,997
Sale Type Investment
Net Initial Yield 5.06%
No. Units 6
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.12 AC
Building Size 4,742 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1928
Parking Ratio 0.42/1,000 SF

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 1 £1,460 -
2+1 1 £1,491 -
2+1 2 £2,585 -
1+1 2 £1,778 -
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code SF, Pico Rivera
SF, Pico Rivera
  • Listing ID: 32286970

  • Date on Market: 28/06/2024

  • Last Updated:

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

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