$5,629,000

9307 Ramona Boulevard, Rosemead, CA 91770

Days on Purplebricks: 86

Property Description

Growth Investment Group is proud to present Ramona Apartments, an 18 unit Mufti-family building in the city of Rosemead. This property boasts 1980’s construction with all units being 2-story, individually metered for gas & electricity, and includes central HVAC systems. The property consists of Three 6 unit buildings with 3 water meters, and 2 carport parking spaces per unit, plus extra parking. The common areas have nice landscaping and patios, providing all tenants a sense of comfort and privacy similar to that of a small single-family residence community. This is the first time this property has been available for sale in 20 years but has been maintained by the current owner. This property will be a great pride of ownership asset with significant rental upside, or possible potential to create a condominium complex for individual ownership. The next owner will have the opportunity to renovate and add value through taking the property to market rent in this non rent-controlled asset. This building has very little turn over with many long-term tenants in place, making it a very secure and stable investment.

Features

  • Property Type:

    • Other
  • County:

    • Los Angeles
  • Year Built:

    • 1986
  • Lot Features:

    • Lot 20000-39999 Sqft
  • Pool Features:

    • None
  • Lot Area:

    • 38322
  • MLS Name: CRMLS
  • MLS Number: AR19149284
  • Listing Agent: Justin McCardle
  • Brokerage: GIG Real Estate Inc.
  • Last updated: 2019-06-24
  • Last checked: 2019-09-18
  • Listing status: Active
  • Agent License: DRE #01895720

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$5,629,000

9307 Ramona BoulevardRosemead, CA 91770

Bed Bath
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86 days on Purplebricks

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