Property Detail

Description

We are pleased to present 9743-9747 La Docena Ln, three parcels with a total of eight units on an acre lot in Pico Rivera to market. The offering consists of 9743 La Docena Lane (6384-027-024) that provides access to the rear two parcels that make up the entirety of the property. 9743 is on a 25,608 square foot lot that consists of a 2 bed/1.5 bath single family house in the front built in 1947, a 2 bed/1 bath duplex in the middle built in 1971, and a large 3 bed/2 bath house in the rear built in 1960. There is enough room for a detached ADU to be built in front of the 9743 front house (buyer to verify). Access to the 7,139 square foot vacant lot (6284-027-026) is through the 9743 property. Residential zoned, different opportunities to develop the lot exist including SB 684 which allows the possibility to sub divide into 10 lots (buyer to verify). 9747 La Docena Lane (6384-027-032) consists of two identical 2 bed/1 bath duplex's on a 10,893 square foot lot. Each unit has an attached garage along with washer and dryer hookups. Only a few multifiamily properties sell in Pico Rivera each year, this is a rare opportunity to acquire an acre of land with future development potential that is making over $17,000 a month in gross rental income. Pico Rivera does not have any municipal rent control and is subject to AB-1482. Current rents are about 35% below market, allowing substantial upside for a new buyer.