Details
Coveted Submarket with No Local Rent Control: No commercial multifamily sales in Pico Rivera in 2024, and properties are only subject to AB-1482 (no local rent control)
Prime Location with 80 “Walk Score”: Excellent freeway access connects the property to key employment centers. With a "Walk Score" of 80, it’s close to dining, shopping, and entertainment, just minutes from Pico Rivera Plaza
Desirable Unit Mix: 65% two-bedroom units, ideal for long-term tenant retention and strong rental demand.
Detached ADU Opportunity: Opportunity to add 5 additional detached ADU’s with new SB-1211 implementation, subject to setback and height limits.
Turnkey Renovations: Fully renovated units, including fresh exterior paint, a new electric system, and updates to 79% of the existing units—perfect for investors seeking a turnkey property
Appealing Amenities: Washer/dryer hookups in select units, on-site parking, communal spaces, and office space for a property manager
Strong Market Conditions: Pico Rivera has a median household income of $82,539 and a stable housing market, ensuring solid rental demand and long-term investment potential.
-
$5,500,000
-
11,087 Sq/ft
-
Lot 0.34 Acres
-
12 Parking Spots
-
Built in 1962
-
MLS: PW25241760
Images
Videos
Contact
Feel free to contact us for more details!