CA > Rosemead
Rosemead, CA 91770,8471 Wells St
Rosemead, CA 91770,8471 Wells St
Rosemead, CA 91770,8471 Wells St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,550,000
Est. payment /mo
11 Beds
6 Baths
5,423 SqFt
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UPDATED:

12/17/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,423 sqft

Price per Sqft $470

MLS Listing ID 24-469985

Bedrooms 11

Year Built 1947

Lot Size 0.762 Acres

Acres 0.762

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 Rosemead/S. San Gabriel

Zoning RMR1YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Gas Dryer Hookup, Other

Laundry In Unit, Other

Exterior

Parking Features Garage

Garage Spaces 11.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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Listed by Remax Commercial and Investment Realty

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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