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