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9307 Ramona Blvd
Rosemead, CA 91770
Multifamily Property For Sale · 18 Units

Property Facts

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.88 AC
Building Size 17,578 SF
Average Occupancy 100%
No. Stories 2
Year Built 1986
Parking Ratio 2.39/1,000 SF
Zoning POD, Rosemead

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range

Site Amenities

  • Fenced Lot

About 9307 RAMONA BLVD , ROSEMEAD, CA 91770

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.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 18 $1,440 975

Property Taxes

Property Taxes

Parcel Number
8594-027-065
Land Assessment
$945,013
Improvements Assessment
$3,164,641
Total Assessment
$4,109,654
  • Listing ID: 14400656

  • Date on Market: 11/16/2018

  • Last Updated:

  • Address: 9307 Ramona Blvd, Rosemead, CA 91770

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