2030 Sierra Leone Avenue

    Rowland Heights, CA 91748
    • $2,880,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: 19534314
    $2,880,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a (2) parcel / 10-unit apartment complex. The sale includes two adjacent apartment buildings, (1) 4-unit and (1) 6-unit, totaling 8,864 square foot. The Property is situated on two parcels of fee simple land totaling +/- 0.45 acre in the dense city of Rowland Heights in Los Angeles County. Eight of the units are constructed in 1963 and two additional units are then built in 1981. This is the first time the property is being offered for sale in over 20 years. The two buildings can be sold together or separately. This two-story well-maintained multifamily property is located in a desirable location. All units are 2BR and 1BA with remodeled wood or tile floorings. Both buildings are renovated with copper piping, newer roof, and resurfaced parking (18 total carports or open parking spaces on site). The property is currently 100% occupied. This is a rare opportunity to own a high barrier-to-entry multifamily property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T00:25:16.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/101613074

    2030 Sierra Leone Avenue Rowland Heights, CA 91748

    • Price: $2,880,000
    • Status: Active
    • ID#: 19534314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    1964
    Built
    Neighborhood:
    652 - Rowland Heights
    County:
    Los Angeles
    Area:
    652 - Rowland Heights
    Property Description
    For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a (2) parcel / 10-unit apartment complex. The sale includes two adjacent apartment buildings, (1) 4-unit and (1) 6-unit, totaling 8,864 square foot. The Property is situated on two parcels of fee simple land totaling +/- 0.45 acre in the dense city of Rowland Heights in Los Angeles County. Eight of the units are constructed in 1963 and two additional units are then built in 1981. This is the first time the property is being offered for sale in over 20 years. The two buildings can be sold together or separately. This two-story well-maintained multifamily property is located in a desirable location. All units are 2BR and 1BA with remodeled wood or tile floorings. Both buildings are renovated with copper piping, newer roof, and resurfaced parking (18 total carports or open parking spaces on site). The property is currently 100% occupied. This is a rare opportunity to own a high barrier-to-entry multifamily property.
    Exterior Features

    Lot Size Source Other Lot Size Units Acres Parking Features Detached Carport Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Laundry Features CommunityIndividual Room

    Property Features

    Additional Parcels YN Yes Gross Income 120120.00 Gross Multiplier 23.98 Gross Operating Income 118316.00 Insurance Expense 4155.00 Laundry Income 1200.00 Laundry YN Yes Net Operating Income 61271.00 Senior Community YN No Special Listing Conditions Standard Trash Expense 2395.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 8001.00 Zoning Lcr3*

    Listing provided courtesy of Edward Pan of Colliers International Greater Los Angel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T00:25:16.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
    First Team Real Estate
    CA,