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19050 Colima Rd
Rowland Heights, CA 91748 Rowland

$17,320,000 USD

Apartments For Sale  •  67,132 SF

Property Details

  • Property Type Apartments
  • Total Building Size 67,132 SF
  • Lot Size 4.27 AC
  • Building Class C
  • Year Built 1976
  • Cap Rate 5.45 %
  • Zoning LCR2*
30 Transit Score
50 Walk Score

Highlights

Developed & Constructed by Current Ownership - First Time on Market
1976 Construction on Over 4.25 Acres
Almost 75% Large 2-Bedroom 1-Bath and 2-Bedroom 2-Bath Units
Excellent Location Near the Intersection of Colima Rd. & Nogales St.
Well-Maintained & Gated Property with Over 2:1 Parking
$258/Sq. Ft. & $237K/Unit; Below a 10.5 GRM on Current Income & Over an 8% Cap Rate on Market Rents
Cap Rate: 5.45 %

Major Tenants

Tenant SF Occupied Lease End Date
Beachfront - Woodcrest
Hanhai International Group
Universal Travel Group

Public Transportation

Commuter RailDriveWalkDistance
Industry (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.6 mi
Covina (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 18 min - 9.7 mi
AirportDriveWalkDistance
Ontario International 27 min - 20.4 mi
John Wayne/Orange County 33 min - 26.0 mi
Long Beach (Daugherty Field) 41 min - 30.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Chris Keramati 949-756-3232 Triqor Group
Chris Keramati 949-756-3232 Triqor Group