Exclusive Listings

Ramona Apartments

Address:
9307 - 9317 Ramona Blvd
Rosemead, CA 91770
Price:
$6,349,000
Status:
Available
Type:
Apartment
# Units:
18
Year Built:
1986
Building Size:
17,578
Lot Size:
38,397
CAP Rate:
2.2%
GRM:
22.39x
Price/Unit:
$352,700
Price/SqFt:
$361

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 condo style units. Each 2-story unit is 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.

 



• Nice sized units at 950+ SF

• Two Bedrooms and Full Bath upstairs ,¾ bathrooms downstairs

• Laundry Hookups in every unit

• Private Patios

• Secured Entrance with a Surveillance system  

• Individually Metered for Gas/ Electricity

• 25% Rental upside

 

Marketing Files


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

Thank you for your time and interest. The information you are attempting to access requires a one-time registration before you can proceed. Your email address will allow you to log in any time.
Please log in or begin registration by providing your email address.


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
Copyright © 2017 GIG Real Estate, Inc. dba. Growth Investment Group
Visit us on social media websites