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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,950,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25042148

HOA Y/N No

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

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 15

Pool None

Community Features Suburban

Total Parking Spaces 15

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8253003004

Energy Description 450.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Danni Shen • Harvest Realty Development • 626-283-8800

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2030 Sierra Leone AVE Rowland Heights, CA 91748