40 UNIT COURTYARD APARTMENT COMPLEX

6933 Rosemead Boulevard
San Gabriel, CA 91755

OFFERING METRICS

LISTING PRICE

$9,750,000

CAP RATE

4.49%

GRM

14.85

PRICE PER UNIT

$243,750

PRICE PER SF

$409.58

PROPERTY OVERVIEW

AGGREGATE INVESTMENT PARTNERS is proud to exclusively present the opportunity to purchase Country View Apartments – a 40 units apartment complex at 6933 Rosemead Boulevard, in the city of San Gabriel, California. 6933 Rosemead Boulevard is located in the highly desirable area of north San Gabriel, just south of Huntington Drive adjacent to Arcadia and Temple City. Sitting on almost 1-acre lot, the property presents an opportunity for an investor to acquire in this high-demand sub-market and generate immediate cash flow. It has the highest cap rate in San Gabriel with approx. 4.61% current cap rate (6.02% pro-forma).

6933 Rosemead Boulevard is comprised of 40 units with a total building size of ±23,805 square feet, on a huge ±39,273 square foot lot. Unit mix consists of thirty-five (35) 1 bed / 1 bath, and five (5) 2 bed / 2 bath. Most of the units have been renovated with granite counter tops, newer kitchen cabinets, laminate flooring, and copper plumbing throughout the building. There is a total of 57 covered parking spaces, with roughly ten extra spaces generating additional parking income. In addition, the laundry room generates significant
income at around $20,000 per year. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.

6933 Rosemead Boulevard is conveniently located near Walgreens, Starbucks, McDonald’s, 99 Ranch Market, Vons, TJ Maxx, and Willard Elementary School. The location has easy access to the 210, 10, and 60 freeways

 

OPPORTUNITY HIGHLIGHTS

  • Highest Current Cap Rate in the City of San Gabriel

  • Large Lot: Approximately 1 Acre (±39,273 SF)

  • Well Located in North San Gabriel near Arcadia and Temple City

  • 57 Covered Parking Spaces with  Additional Parking Income

  • Renovated units with Granite Counter-Tops, Newer Kitchen Cabinets, Laminate Flooring, and Updated Copper Plumbing

  • Easy Access to 210, 10, and 60 Freeways

  • Conveniently Located within proximity to Walgreens, Starbucks, McDonald's, 99 Ranch Market, Vons, TJ Maxx, and Willard Elementary School

 

LOCATION MAP

 

CONTACTS

STEVE CHANG
Senior Partner

626.381.9885

Steve.Chang@AggregateIP.com

Cal BRE #02028509