5101 Lindsey Ave & 9148 Verner St 6 Unit Apartment Building $2,503,690 CAD ($417,282 CAD/Unit) 5.06% Cap Rate Pico Rivera, CA 90660



INVESTMENT HIGHLIGHTS
- Duplex recently renovated
- Property Close to the Freeway
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.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
-
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-
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Operating Expenses |
-
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 4 | $4,424 CAD | - |
1+1 | 2 | $3,198 CAD | - |
1 of 1
Walk Score®
Very Walkable (82)
ZONING
Zoning Code | PRSF (Residential) |