8729 Olympic Boulevard

Pico Rivera, CA 90660

$2,400,000
Price
17
Beds
6
Baths
6,469 Sq. Ft.
$371 / Sq. Ft.
6,469
Sq. Ft.
$371
per Sq. Ft.

Description

Great multi-unit investment opportunity in prime location of pico rivera! 6 unit one story duplex style complex in the heart of Pico Rivera. Both front units are freestanding single family units and back units are duplexes on a huge 20,000+ sf lot. This property is on a 0.49 acre lot and has great potential for redevelopment. Unique property investment with huge upside and not many like this in the marketplace. Do not miss out on this deal!Great multi-unit investment opportunity in prime location of pico rivera! 6 unit one story duplex style complex in the heart of Pico Rivera. Both front units are freestanding single family units and back units are duplexes on a huge 20,000+ sf lot. This property is on a 0.49 acre lot and has great potential for redevelopment. Unique property investment with huge upside and not many like this in the marketplace. Do not miss out on this deal!
  1. Listed by Michelle Tsang • DRE #01992330 • Brokerage DRE #01841921 • MGR REAL ESTATE, INC. • mtsang@mgrrealestate.com
  2. Listed by Warren Tsang • DRE #01993434 • Brokerage DRE #01841921 • MGR REAL ESTATE, INC.

Property Details for 8729 Olympic Boulevard

Parking Spaces Total
4
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6469
Assessor Parcel Number
6374-033-006
Property Attached YN
true
LISTING UPDATED: 10/29/2024 07:00 AM

Property Details for 8729 Olympic Boulevard

StatusActive
MLS #CV24222826
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1943
Lot Size0.49 AC / 21,181 SF
CountyLos Angeles County

Building Information for 8729 Olympic Boulevard

Stories1Residences-Year Built1943Building Size-Lot Size0.49 AC / 21,181 SF

Property Information for 8729 Olympic Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $156,768
  • Gross Scheduled Income: $156,768
  • Net Operating Income: $107,283
Expense Details
  • Operating Expense: $45,722
  • Insurance Expense: $6,078
  • Professional Management Expense: $0
  • Trash Expense: $5,067
  • Water Sewer Expense: $2,400
  • Total Expenses: $21,722
Tax / Assessment Info
  • Tax Tract Number: 11239
  • Tax Census Tract: 5006.00
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,550
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,861
  • Unit Type Total Rent: $1,861
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,370
  • Unit Type Total Rent: $2,370
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,093
  • Unit Type Total Rent: $2,093
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,055
  • Unit Type Total Rent: $2,055
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,135
  • Unit Type Total Rent: $2,135
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 8729 Olympic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8729 Olympic Boulevard

Taxable ValueLand$514,215Additions$162,503Total$676,718
Tax Record2024$10,853 ($904 / month)
Home Facts
Total Finished SqFt6,469 SqFtAbove Grade Finished SqFt6,469 SqFtLot Size21,175 SqFtStyleMulti-Family Res (5+ Units)Year Built1943ZoningPRRM*CountyLOS ANGELESAPN6374-033-006

Schools near 8729 Olympic Boulevard

This home is within El Rancho Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
North Ranchito Elementary School
PublicK to 5

North Park Middle School
Public6 to 8

El Rancho High School
Public9 to 12

Ruben Salazar Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8729 Olympic Boulevard is a mixed use property for sale in Pico Rivera, CA 90660. This property was listed for sale on October 25, 2024 by MGR REAL ESTATE, INC., it's currently listed at $2,400,000. This listing's school district is El Rancho Unified School District. Nearby schools include North Ranchito Elementary School, North Park Middle School and El Rancho High School. 8729 Olympic Boulevard is a 17-bed, 6-bath, 6,469 sqft mixed use property built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MGR REAL ESTATE, INC., Michelle Tsang, DRE #01992330; MGR REAL ESTATE, INC., Warren Tsang, DRE #01993434

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.