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Listed by Danni Shen • Harvest Realty Development
$3,050,000
Est. payment /mo
8,864 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,864 sqft
Price per Sqft $344
MLS Listing ID AR-25042148
Year Built 1964
Lot Size 0.277 Acres
Property Sub-Type Apartment
Property Description
For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a two-parcel, 10-unit apartment complex. The sale includes two adjacent apartment buildings: one 4-unit and one 6-unit, totaling 8,864 square feet. The property is situated on two parcels of fee-simple land, totaling approximately 0.45 acres, in the densely populated city of Rowland Heights. Eight of the units were constructed in 1963, with two additional units built in 1981. The two buildings can be sold together or separately. This well-maintained, two-story multifamily property is located in a highly desirable area. All units feature 2 bedrooms and 1 bathroom, with remodeled wood or tile flooring. Both buildings have been renovated, including updates to copper piping, a newer roof, two newly installed water heaters, and resurfaced parking (18 total carports or open parking spaces). The property is currently 90% occupied, with one unit available to be delivered vacant, offering the potential for increased rental income for the new owner. This is a rare opportunity to own a multifamily property in a high barrier-to-entry market.
Location
State CA
County Los Angeles
Area 652 - Rowland Heights
Zoning LCR3*
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Suburban
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823