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$ 2,550,000
Est. payment /mo
Active
8471 Wells ST Rosemead, CA 91770
11 Beds
6 Baths
5,423 SqFt
UPDATED:
12/19/2024 05:53 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,423 sqft
Price per Sqft $470
MLS Listing ID 24469985
Bedrooms 11
HOA Y/N No
Year Built 1947
Lot Size 0.762 Acres
Lot Dimensions Assessor
Property Description
Discover this 6-unit collection of single-story, cottage-style detached homes in North Rosemead. Owned by the same family since 2007, this property spans an expansive 33,191 square foot lot with approximate dimensions of 380 feet by 86 feet. The attractive unit mix features primarily 2-bedroom homes, each offering private patios and garage parking. With a strong value-add potential, the property presents a realistic rental upside of approximately 18% in a high-demand rental market. Additional advantages include low owner expenses and separate water heaters for each unit. Conveniently located just a short distance from Valley Boulevard's shops and restaurants and adjacent to San Gabriel. Subject only to California's statewide AB1482 rent control (currently capped at 8.9% annually). See notes for further details.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMR1YY
Interior
Fireplace No
Laundry See Remarks
Exterior
Parking Features Garage
Garage Spaces 11.0
Garage Description 11.0
Total Parking Spaces 11
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5372015033
Special Listing Condition Standard
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
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