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Key Details
Sold Price $1,452,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24060420
Sold Date 07/23/24
HOA Y/N No
Year Built 1952
Lot Size 9,979 Sqft
Property Description
We are pleased to present to market 9032 Burma Road in Pico Rivera, CA. With a phenomenal unit mix of large units averaging 1,154 square feet the property consists of all two and three bedroom units, 40% rental upside, and a large 3 bed owners unit. This presents a great opportunity for a seasoned or owner user investor to acquire a turn key building in a great sub market of Los Angeles. 9032 Burma Road consists of a large 3 bed/1 bath house built in 1952, and three 2 bed/2 bath units in the rear that were built in 1989. There are three single car garages in the rear of the property along with ample space for more parking. The property is separately metered for gas and electricity. Pico Rivera currently has no municipal rent control and this property falls under AB-1482 allowing for higher rent increases. The property lies on a quiet street surrounded by new construction buildings and is minutes away from the 605 and 5 freeways making it ideal for commuters.
Location
State CA
County Los Angeles
Area 649 - Pico Rivera
Zoning PRRM-SF*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6381017017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692