$1,115,000
$1,100,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 09/01/2023
Key Details
Sold Price $1,115,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23152393
Sold Date 09/01/23
Construction Status Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1957
Lot Size 0.301 Acres
Lot Dimensions Assessor
Property Description
This triplex property is on the market for the first time since 1951 (72 years). It has been family owned and occupied most of that time. The main house has 3 bedroom and 2 bathrooms, and it has an attached 2 car garage. The front 2 units are 1 bedroom, 1 bathroom units of 560 square feet according to the tax rolls. There is room to build behind the front 2 units. There is deferred maintenance that may prevent getting a loan on the property. The current condition of the property is much as it was fifty years ago. There is a great deal of upside to this property due to the potential to enlarge the front two units and upgrade the rear house. There is no current rental information for the subject so the buyer should do market research for what they can expect in rents from the subject after they prepare the property for occupancy if that is their plan. This is a trust sale by a successor trustee. The successor trustee has not lived in the property in decades and the full financial information has not been provided, so operating expenses are an unknown, as are the pro forma rents for the 3 units. The property directly behind the subject is currently adding a 2 story unit at the rear of their lot. The successor trustee is still researching the electric and water amounts which will be added to this listing as soon as they are available.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMR1YY
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Water Heater
Laundry In Garage
Exterior
Garage Asphalt, Driveway Level, Driveway, Garage Faces Front, On Site, Paved, Private
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Chain Link
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility Parking, Accessible Doors
Parking Type Asphalt, Driveway Level, Driveway, Garage Faces Front, On Site, Paved, Private
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Rectangular Lot, Yard
Faces East
Story 1
Entry Level One
Foundation Raised
Sewer Unknown
Water Public
Architectural Style Bungalow, Ranch, Traditional
Level or Stories One
New Construction No
Construction Status Fixer,Repairs Cosmetic
Others
Senior Community No
Tax ID 5289007056
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Financing Cash
Special Listing Condition Trust
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Bought with ANDY AN DUC HUYNH • Pinnacle Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "