10905 PIONEER Blvd, Santa Fe Springs, CA 90670

Property Description

The subject property is located in Los Angeles County in the city of Santa Fe Springs; a relatively small city covering 8.9 square miles, with easy access to both the 605 and 5 Freeways. Santa Fe Springs has less than 40 apartment buildings of six units and larger in the entire city, resulting in extremely low vacancy and high occupancy for most buildings. Due to these favorable conditions, very few apartment buildings trade hands in the city, making this investment opportunity rare and coveted. The property is a six-unit apartment building comprised of four one-bed/one-bath units and two two-bed/one-bath units, with parking provided by five enclosed garages. The property shows well, with several units recently renovated. Each unit is separately metered for gas and electricity, and there is a new 100-gallon water heater servicing the building. Each unit has individual air conditioning units, wall heaters and garbage disposals. On-site laundry room has one washer and one dryer.