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Multifamily

7466 Rosemead Blvd

7466 Rosemead Blvd, Pico Rivera, CA 90660

Listing Price: $9,800,000

Cap Rate
4.29%
Number of Units
48
Occupancy
100.0%
Price/Unit
$204,167
Price/Gross SF
$574.31
Gross SF
17,064

Investment Overview

Marcus & Millichap is pleased to present the Towne Center Village Apartment Homes, a 48-unit apartment building located at 7466 Rosemead Boulevard in Pico Rivera, California. Built in 1963, the subject property consists of 17,064 rentable square feet spread throughout a 25,263 square foot lot. All 48 apartments are studio units with balconies. 48 covered parking spaces providing a 1:1 parking ratio for tenants, along with an income-generating laundry room are also on the property. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living close walking distance to the Pico Rivera Towne Center, which is anchored by Walmart Supercenter, also including Lowe’s, LA Fitness, Ross, Marshalls, Starbucks, Wendy’s, Wells Fargo, Jack in the Box, Panera Bread, Panda Express, The Habit Burger, King Taco and Ulta Beauty. Pico Rivera is situated approximately 11 miles southeast of downtown Los Angeles, on the eastern edge of the Los Angeles basin, and on the southern edge of the area known as the San Gabriel Valley. It is strategically located near major highways including Interstate 605 (San Gabriel Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 60 (Pomona Freeway). The City is also accessible through three railway systems- Atchison, Topeka and Santa Fe Railway Company, Southern Pacific Lines and Union Pacific Railroad. The Towne Center Village Apartments are centrally located in the southland. The city of Pico Rivera is close to many points of interest such as: LAX: 25 Ontario Airport: 30 J. Wayne Airport: 25 Port of L.A.: 18 Port of Long Beach: 16 Downtown L.A.: 13 Beverly Hills: 16 Pasadena: 12 Dodger Stadium: 15 Disneyland: 17 Angel Stadium: 19.6

Investment Highlights

  • Great Rental Market –Walking Distance to the Pico Rivera Towne Center
  • Recently Renovated, Turn-key Asset
  • All Studio Apartment Units (38 Out of 48 Units Are Completely Remodeled)
  • Upside In Rents
  • 48 Covered Parking Spaces
  • Average Unit Size is 356 sq ft
  • Income Generating Laundry Room
  • Excellent Financing Available Through Our Marcus & Millichap Capital Corporation

Exclusively Listed By

Multifamily

7466 Rosemead Blvd

Listing Price: $9,800,000

Cap Rate
4.29%
Number of Units
48
Occupancy
100.0%
Price/Unit
$204,167
Price/Gross SF
$574.31
Gross SF
17,064

Investment Highlights

  • Great Rental Market –Walking Distance to the Pico Rivera Towne Center
  • Recently Renovated, Turn-key Asset
  • All Studio Apartment Units (38 Out of 48 Units Are Completely Remodeled)
  • Upside In Rents
  • 48 Covered Parking Spaces
  • Average Unit Size is 356 sq ft
  • Income Generating Laundry Room
  • Excellent Financing Available Through Our Marcus & Millichap Capital Corporation

Investment Overview

Marcus & Millichap is pleased to present the Towne Center Village Apartment Homes, a 48-unit apartment building located at 7466 Rosemead Boulevard in Pico Rivera, California. Built in 1963, the subject property consists of 17,064 rentable square feet spread throughout a 25,263 square foot lot. All 48 apartments are studio units with balconies. 48 covered parking spaces providing a 1:1 parking ratio for tenants, along with an income-generating laundry room are also on the property. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living close walking distance to the Pico Rivera Towne Center, which is anchored by Walmart Supercenter, also including Lowe’s, LA Fitness, Ross, Marshalls, Starbucks, Wendy’s, Wells Fargo, Jack in the Box, Panera Bread, Panda Express, The Habit Burger, King Taco and Ulta Beauty. Pico Rivera is situated approximately 11 miles southeast of downtown Los Angeles, on the eastern edge of the Los Angeles basin, and on the southern edge of the area known as the San Gabriel Valley. It is strategically located near major highways including Interstate 605 (San Gabriel Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 60 (Pomona Freeway). The City is also accessible through three railway systems- Atchison, Topeka and Santa Fe Railway Company, Southern Pacific Lines and Union Pacific Railroad. The Towne Center Village Apartments are centrally located in the southland. The city of Pico Rivera is close to many points of interest such as: LAX: 25 Ontario Airport: 30 J. Wayne Airport: 25 Port of L.A.: 18 Port of Long Beach: 16 Downtown L.A.: 13 Beverly Hills: 16 Pasadena: 12 Dodger Stadium: 15 Disneyland: 17 Angel Stadium: 19.6

Exclusively Listed By

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