Description
Rare find 2005 built with a solid quality and well maintained 8-unit multifamily asset centrally located in the city of rosemead, in the heart of west san gabriel valley. san gabriel valley has a fast dynamic economic growth and a strong real estate appreciation track record in the southern california. the property current cap rate is around 3.67%, rents are below market. it has a very reasonable upside potential and the pro forma cap rate could be around 4.34%.
this two-story townhouse style property has four duplex buildings, total ± 8,568 sf building situated on ± 17,051 sf lot. each unit is around 1,071 sf, has 3 beds 2.5 baths with a two-car attached garage; heater and central a/c; laundry hook-up; individual electric, gas and water meters. eight guest parking spaces. fully occupied now.
the property south side is just two blocks away from the rosemead place shopping center – target, la fitness, various restaurants, pets supply stores, ultra beauty, ross, dollar tree, and many more. the property north side is just a couple blocks away from the prosperous valley blvd retail/commercial corridor. close to city hall, library, groceries, banks, schools, etc. easy access to freeway 10, 60, and 605. only around 10 miles away from the downtown los angeles. very convenient for the daily life. this easy manage multifamily asset is waiting for an investor who likes to extend the portfolio with a pride of ownership and great appreciation over time!
do not disturb tenants or walk on the property, tenants do not know the sale. inspection/walk through will be provided upon accepted offer. email listing agent for more information.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47404956
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Unknown
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Exterior Features
Building Information
- Year Built: 2005
- Building Area Total: 8,568
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3916
- Lot Size Source: Assessor
- Lot Size Square Feet: 17056
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Listing Information
Listing Price Information
- Original List Price: 4,800,000
- Listing Contract Date: 2024-10-22
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 8594016015
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 651 - Rosemead/S. San Gabriel
- Postal Code Plus 4: 4809
- Directions: Rosemead Blvd cross Ralph St
- Zoning: RMR3YY
- Source Property Type: Residential Income
- Area: 651 - Rosemead/S. San Gabriel
- Property SubType: Townhouse
Building and Construction
- Property Age: 19
- Common Walls: 1 Common Wall
- Structure Type: Townhouse
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: front door & garage
- Property Attached: Yes
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BuyOwner last updated this listing 11/23/2024 @ 21:53
- MLS: WS24219354
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 8,568 sqft, 17,056 sized lot, and 16 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Rosemead , in zip code 91770, this Los Angeles County Home are nearby neighborhoods.