Duplex “Two on a Lot”

Commercial Real Estate Properties is pleased to present this DUPLEX property to the market. Two houses on one lot located in Pico Rivera. The two-story front house is comprised of 3 bedrooms and 3 bathrooms. The front house was remodeled in 2001 to expand the kitchen and downstairs bedroom, and to add the 2nd story bedrooms and bathrooms. Parking is included via a two-car, enclosed garage as well as three spots in the driveway directly in front for five spots total. The back unit is comprised of 2 bedrooms and 2 bathrooms. The front house is approximately 1,400 Sq. Ft. The back house is approximately 800 Sq. Ft. Tenants pay for all utilities: water, gas, electricity, and trash. The new owner will only pay for new taxes, insurance, and maintenance. The main thoroughfares are Whittier Blvd. and Beverly Blvd. An abundance of retail shopping and restaurants are located nearby along Whittier Blvd. Just minutes away from the 605 freeway. This is a probate listing. The property is to be sold in as-is condition and with court approval.

Listing courtesy of Phillip Gonzalez of Commercial Real Estate Properties

Property Type: Duplex
Building Size: 2,174 Sq. Ft.
Units: 2
Lot Size: 5,196 Sq. Ft.
Cap Rate: 2.83%
Price: $950,000
Price Per Sq Ft: $436.98
Address: 9228 Olympic Blvd.
City: Pico Rivera
State: CA
Zip: 90660
Status: Active Under Contract
Year Built: 1946
Price Per Unit: $475,000
Parking: Garage & Driveway