Property listed by Harvest Realty Development, Danni Shen 626-283-8800
$2,950,000
For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a two-parcel, 10-unit apartment complex. The sale includes two adjacent apartment buildings: one 4-unit and one 6-unit, totaling 8,864 square feet. The property is situated on two parcels of fee-simple land, totaling approximately 0.45 acres, in the densely populated city… Read More of Rowland Heights. Eight of the units were constructed in 1963, with two additional units built in 1981. The two buildings can be sold together or separately. This well-maintained, two-story multifamily property is located in a highly desirable area. All units feature 2 bedrooms and 1 bathroom, with remodeled wood or tile flooring. Both buildings have been renovated, including updates to copper piping, a newer roof, two newly installed water heaters, and resurfaced parking (18 total carports or open parking spaces). The property is currently 90% occupied, with one unit available to be delivered vacant, offering the potential for increased rental income for the new owner. This is a rare opportunity to own a multifamily property in a high barrier-to-entry market. Read Less
Listing Snapshot
Days Online
174
Last Updated
Property Type
Apartment
Lot Size
0.28 Acres
Year Built
1964
MLS Number
AR25042148
30 Days Snapshot Of 91748
$963k
-14%
(avg) sold price
16
+33%
homes sold
73
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 8,864, 2 buildings, Common walls: NoCommonWalls
Community
Suburban
Expenses
Electric expense: $100, Fuel expense: $450, Insurance expense: $500, Operating expense: $10,000, Trash expense: $130, Water sewer expense: $650
Income
Gross income: $168,360, Net operating income: $158,360
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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