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$ 2,950,000
Est. payment | /mo
2 Beds
$ 2,950,000
Est. payment | /mo
2 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25042148
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Located south of Colima Rd, east of Fullerton Rd, west of Nogales st andd north of Pathfinder Rd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8253003004
Listed by Danni Shen Harvest Realty Development
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