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5101 Lindsey Ave & 9148 Verner St 6 Unit Apartment Building $1,720,000 ($286,667/Unit) 4.63% Cap Rate Pico Rivera, CA 90660

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Investment Highlights

  • Duplex recently renovated
  • Property Close to the Freeway

Executive Summary

Next to the City of Whittier. Easy Maintained 6-unit Apartment Located on a Corner Lot (Lindsey Ave & Verner St) in a desirable neighborhood of Pico Rivera. Consists of a 2-story 4-Plex in front with (4) 2BD/1 BA units and a Duplex in the rear with (2) 1 BD/1 BA units situated over (2) 2-car Garages. 4-Plex In the Front Plus Duplex at the Back (9148 #A & 9148 #B Verner St) which the back Duplex has been renovated. Annual Schedule Gross Income is $ 129,240.00 Plus Additional Garage Rental Schedule Annual Income $ 4,800.00 ; Annual Expense with Property Tax, Insurance, and All Utilities is $ 49,627; Annual Schedule Net Operating Income is $ 79,613.00. There are 2 Water Heaters, 7 Electric Meters, and 5 Gas Meters (The owner pays for gas for tenants in Duplex and Laundry usage). Garages are currently rented out ( $100 Per Month Per Garage ), tenants park on the street. Onsite Laundry Room with 2 sets of Owner's owner-supplied washers/dryers. Dual Panel Windows, Water Heaters, and Exterior Stairways, The Duplex has fully Renovated Flooring and stairs. Property Close to the Freeway and has many Stores, a Shopping Center, and a Gas Station nearby. The Bus Station is within walking distance of the property. Located in proximity to shopping center and bus stop.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,720,000
Price Per Unit $286,667
Sale Type Investment
Cap Rate 4.63%
Sale Condition 1031 Exchange
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 4,742 SF
Average Occupancy 100%
No. Stories 2
Year Built 1928
Parking Ratio 0.42/1,000 SF
Zoning PRSF - Residential

Amenities

Unit Amenities

  • Kitchen

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,835 -
2+1 1 $1,875 -
2+1 1 $1,895 -
2+1 1 $1,995 -
1+1 1 $1,680 400 - 450
1+1 1 $1,490 400 - 450
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
6377-002-016
Land Assessment
$1,035,300
Improvements Assessment
$582,216
Total Assessment
$1,617,516
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 32286970

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 5101 Lindsey Ave & 9148 Verner St, Pico Rivera, CA 90660

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