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.

ATTACHMENTS

Expense Upd Dec. 2024- 6 U-5101 Lindsey Ave Pico Rivera CA 90660
Rent Roll 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 (CAD) ANNUAL PER SF (CAD)
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

PROPERTY FACTS

Price $2,503,690 CAD
Price Per Unit $417,282 CAD
Sale Type Investment
Cap Rate 5.06%
No. Units 6
Property Type Multifamily
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%
No. Stories 2
Year Built 1928
Parking Ratio 0.42/1,000 SF

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 -
Walk Score®
Very Walkable (82)

ZONING

Zoning Code PRSF (Residential)
  • Listing ID: 32286970

  • Date on Market: 2024-06-28

  • Last Updated:

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