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Address
9307 Ramona Boulevard Rosemead, CA
Price
$ 5,629,000
Property Attributes
  • MLS#AR19149284
  • TypeIncome
  • CountyLOS ANGELES
  • CityRosemead
  • AreaRosemead-S. San Gabriel
  • Zip91770
  • Style
  • Price$ 5,629,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17578
  • Lot Size0.88 Acres
Listing Provided Courtesy Of:
Justin McCardle with GIG Real Estate Inc..
Property Description

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 units being 2-story, 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.

Price History
6/24/2019 Listed $5,629,000

General Features

Attached Structure Attached
Community Features Suburban
Directions Located on Ramona just east of Rosemead
Levels Two
Listagentaor Arcadia
Listing Agent Justin McCardle - BRE#01895720
Listing Agent State License 01895720
MLS Area 651 - Rosemead/S. San Gabriel
Price Per Square Foot 320.23
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 18
Zoning RMPOD*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 975
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling Central Air
Laundry Features Inside
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 17578.00
Carport Spaces 36.00
Garage Spaces 0.00
Lot Features Lot 20000-39999 Sqft
Lot Size Acres 0.8798
Lot Size Area 38322.0000
Lot Size Source Assessor
Lot Size Square Feet 38322.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 18
Number of Separate Gas Meters 18
Number of Separate Water Meters 3
Pool Features None
Sewer Public Sewer
Total Parking 36.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91770

Price
AVG $1.75M
$5.63M
Visits
AVG 22
91
Year Built
AVG 1956
1986
Walkscore
AVG 65
47
Data Provided by Walkscore ® not using MLS data

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