Prime Value-ddd 25% Upside 10-Unit Apartment | 7024 N Rosemead Blvd
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Prime Value-ddd 25% Upside 10-Unit Apartment 7024 N Rosemead Blvd
10 Unit Block of Flats £2,670,234 (£267,023/Unit) 4.31% Net Initial Yield San Gabriel, CA 91775
Investment Highlights
- Prime North San Gabriel location
- All spacious open floor layout
- Temple City School District
- All spacious 2 bedroom 2 baths units
- All has spacious balcony/patio
- Conveniently access to I-210, 10 & 605fwy
Executive Summary
10-Unit Value-add multifamily investment opportunity located in the Prime North San Gabriel Location Adjacent to Arcadia, Temple City, Pasadena , San Marino and Rosemead near Santa Anita Mall, shops and all kind of amenities. Conveniently access to I-210, 10 & 605fwy. Property features 10 units of 2 bed 2 baths apartments with its own private balcony/patio. All spacious open living floor layout, spacious balcony and patio. Each unit has one assigned garage parking space and one carport parking space, separate gas/electric meter, central air conditioning. Well maintained property with partial upgraded units. Three units was recently remodeled with modern kitchen, bathroom, fresh paints, new window, laminate floor and Led lights. Freshly painted exterior. Value-add opportunity with approx. 25% upside in rent. Currently 100% occupied with very low history vacancy rate. Very high walkable score area. Easy to manage assets ideally to add on a savvy investor’s pro-folio with a pride of ownership and great appreciation over time with smart make over! DRIVE BY ONLY-DO NOT ENTER PROPERTY, DO NOT CONTACT OCCUPANTS-TENANTS ARE NOT AWARE OF THE SALE. OFFER SUBJECT TO INSPECTION.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
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 | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,670,234 | Apartment Style | Low Rise |
Price Per Unit | £267,023 | Building Class | C |
Sale Type | Investment | Lot Size | 0.36 AC |
Net Initial Yield | 4.31% | Building Size | 21,663 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
Gross Rent Multiplier | 15.76 | Number of Floors | 2 |
No. Units | 10 | Year Built | 1979 |
Property Type | Residential | Parking Ratio | 1.9/1,000 SF |
Property Subtype | Apartment |
Price | £2,670,234 |
Price Per Unit | £267,023 |
Sale Type | Investment |
Net Initial Yield | 4.31% |
Sale Conditions | 1031 Exchange |
Gross Rent Multiplier | 15.76 |
No. Units | 10 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.36 AC |
Building Size | 21,663 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1979 |
Parking Ratio | 1.9/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Freezer
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Walk-Up
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+2 | 10 | £1,446 | 1,000 - 1,100 |
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PROPERTY TAXES
Parcel Number | 5379-025-007 | Total Assessment | £1,319,751 (2024) |
Land Assessment | £659,875 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £659,875 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5379-025-007
Land Assessment
£659,875 (2024)
Improvements Assessment
£659,875 (2024)
Total Assessment
£1,319,751 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R3, County (LCR3, Unincorporated) |
R3, County (LCR3, Unincorporated) |
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Prime Value-ddd 25% Upside 10-Unit Apartment | 7024 N Rosemead Blvd
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