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9212 Burke St
Pico Rivera, CA 90660 El Rancho

$10,975,000 USD

Apartments For Sale  •  29,386 SF

Property Details

• Property Type Apartments
• Total Building Size 29,386 SF
• Lot Size 0.88 AC
• Building Class C
• Year Built 1964
• Cap Rate 6.25 %
• Zoning RM, Pico Rivera

30 Transit Score

60 Walk Score

Highlights

6.3% CAP and 9.74 GRM on Current Income

Well-Maintained Property with Large Leasing Office and Majority Upgraded Units

Excellent Pico Rivera Location, Just North of Downey and Adjacent to Major Retail

Property Upgrades Include New Subpanels and SB 721 Clearance

Not Subject to Rent Control Other Than AB 1482

Cap Rate:

6.25 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	3.2 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.6 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	24 min	-	15.9 mi
Los Angeles International	32 min	-	24.1 mi
Bob Hope	36 min	-	26.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes