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$ 1,995,000
Est. payment | /mo
6 Beds
7 Baths
3,730 SqFt
$ 1,995,000
Est. payment | /mo
6 Beds
7 Baths
3,730 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,730 sqft
Price per Sqft $534
MLS Listing ID 26641381
Bedrooms 6
HOA Y/N No
Year Built 1960
Lot Size 0.253 Acres
Property Description
We are proud to present a 6-unit multifamily investment in Rosemead offering strong in-place cash flow and upside potential, all outside of Los Angeles rent control. The property is currently operating at approximately a 5.7% cap rate, providing attractive current returns with long-term appreciation potential.The asset consists of two three-unit apartment buildings situated on two contiguous parcels totaling approximately 11,043 square feet, with approximately 3,730 square feet of residential building area. The property features six 1-bedroom / 1-bath units, nearly all renovated, with most units offering in-unit laundry and six on-site parking spaces. The property also benefits, by way of supplemental income, from a tire shop secured by a long-term, below-market lease, offering meaningful rental upside in the event of a future vacancy or re-tenanting.Located in the San Gabriel Valley, approximately 15 minutes east of Downtown Los Angeles, Rosemead benefits from strong renter demand driven by affordability relative to nearby markets, proximity to major employment centers, and excellent freeway connectivity. The site may also present potential ADU development opportunities, subject to buyers independent investigation and verification. A well-located multifamily asset with solid current returns, built-in income growth, and multiple paths to value creation.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMC3*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5284008018
Special Listing Condition Standard
Listed by Armin Soleimani Global Platinum Properties, Inc.
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