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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

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
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

PROPERTY TAXES

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)
  • Listing ID: 33876505

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 7024 N Rosemead Blvd, San Gabriel, CA 91775

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