$1,500,000
$1,598,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 04/13/2021
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21690098
Sold Date 04/13/21
HOA Y/N No
Year Built 1962
Lot Size 0.300 Acres
Property Description
We are pleased to present for sale 5 units in a Desirable Rosemead Location. This is the first time the property has been offered for sale in over 56 years. The units are comprised of spacious single story 2 bedroom units, with cottage style in select units. Rents are currently well below market level and have about +/- 51% in Rental Upside potential. The property falls within 1 Mile from Monterey Park. A low-expense property that includes separate Meters for Gas & Electricity & separate Water Heaters for each unit. Plenty of On-Site Parking for a Lot Size of 13,190 Sq.Ft. ( Apprx. 73' x 174' ). Tenants enjoy the convenience of On-Site Parking, Laundry Hook-Ups in Each Unit and being within walking distance to Shops and Restaurants on Garvey Ave (nearest major cross streets of San Gabriel Blvd and Garvey Ave.).
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMR2YY
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Carport, Driveway
Parking Type Carport, Driveway
Building
Story 1
Others
Senior Community No
Tax ID 5288008046
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "