3820 Rosemead BLVD new

Rosemead,CA 91770

$ 4800000

- Bed

- Bath

8568 SqFt


Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 8,568 sqft

Price per Sqft $560

MLS Listing ID WS24219354

Year Built 2005

Lot Size 0.392 Acres

Property Description

Rare find 2005 built with a solid quality and well maintained 8-unit multifamily asset centrally located in the City of Rosemead, in the heart of West San Gabriel Valley. San Gabriel Valley has a fast dynamic economic growth and a strong real estate appreciation track record in the Southern California. The property current cap rate is around 3.67%, rents are below market. It has a very reasonable upside potential and the pro forma cap rate could be around 4.34%.
This two-story townhouse style property has four duplex buildings, total ± 8,568 SF building situated on ± 17,051 SF lot. Each unit is around 1,071 SF, has 3 beds 2.5 baths with a two-car attached garage; heater and central A/C; laundry hook-up; individual electric, gas and water meters. Eight guest parking spaces. Fully occupied now.
The property south side is just two blocks away from the Rosemead Place Shopping Center – Target, LA Fitness, various restaurants, pets supply stores, Ultra Beauty, Ross, Dollar Tree, and many more. The property north side is just a couple blocks away from the prosperous Valley Blvd retail/commercial corridor. Close to City Hall, library, groceries, banks, schools, etc. Easy access to Freeway 10, 60, and 605. Only around 10 miles away from the Downtown Los Angeles. Very convenient for the daily life. This easy manage multifamily asset is waiting for an investor who likes to extend the portfolio with a pride of ownership and great appreciation over time!
Do not disturb tenants or walk on the property, tenants do not know the sale. Inspection/walk through will be provided upon accepted offer. Email listing agent for more information.

Location

State CA

County Los Angeles

Area 651 - Rosemead/S. San Gabriel

Zoning RMR3YY

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Laundry Inside

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Sidewalks

Building

Lot Description Paved

Story 2

Sewer Unknown

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

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