4707 Rosemead Blvd 16 Unit Apartment Building $5,500,000 ($343,750/Unit) 5.61% Cap Rate Pico Rivera, CA 90660

Lyon Stahl is pleased to present 4707 Rosemead Blvd, a 16 unit multi-family property located in Pico Rivera, California. Built in 1962, the subject property consists of approximately 11,087 rentable square feet spread throughout a .34-acre lot. The building consists of (4) 1-Bedroom / 1-Bathroom, (1) 1-Bedroom / 1-Bathroom ADU, (9) 2-Bedroom / 1-Bathroom, and (2) 2-Bedroom / 2-Bathroom ADU units. The property is ideally located at the corner of Olympic Blvd and Rosemead Blvd, surrounded primarily by single-family homes, making it the only apartment building on the block. It also offers 12 on-site parking spaces for residents, adding convenience and value.
4707 Rosemead is a true pride of ownership asset. Newly renovated and boasting excellent curb appeal, the building has undergone extensive renovations recently, including new electrical systems, fresh exterior paint, wooden accent facade, and new turf. In addition, 79% of the existing units have been recently upgraded, and the three newly built ADUs are thoughtfully designed and meticulously finished, offering modern amenities and exceptional appeal for investors.
The City of Pico Rivera is spearheading the development of a regional north-south bus rapid transit corridor along Rosemead/Lakewood Boulevard. The Rosemead/Lakewood Boulevard Complete Corridor Project will enhance public transit, walkability, and economic development through Bus Rapid Transit (BRT) and transit-oriented improvements. For a multifamily building, this means increased tenant demand, higher property value, and better accessibility, making it a more attractive investment for future buyers.
Pico Rivera, CA, offers numerous benefits, including strong economic growth, a strategic location, and a thriving community. Situated just 13 miles southeast of downtown Los Angeles, the city provides easy access to major freeways, rail lines, and international ports, making it an attractive destination for businesses and residents alike. With a population of nearly 60,000 and a median household income of $82,539, Pico Rivera boasts a stable housing market and a strong demand for rental properties. The city continues to invest in infrastructure, parks, and public amenities, enhancing the quality of life for its residents. Additionally, its mix of residential, commercial, and industrial developments presents diverse opportunities for real estate investors looking for long-term growth and stability.
4707 Rosemead Blvd presents a prime investment opportunity in Pico Rivera, delivering immediate cash flow and significant long-term growth potential. This strategically located property features an appealing unit mix in a high-demand rental market, making it an excellent addition for any investor looking to expand their portfolio.