tomo logo

$1,398,000

Beds
4
Baths
2.25
sq ft
1,569

1026 Walnut Grove Ave, Rosemead, CA 91770

1026 Walnut Grove Ave

Rosemead, CA 91770

  • <1 day on market
City-Approved 4 Detached Units – Total of 3,703 Sq.Ft. of Living Area ~ This unique development opportunity consists of city-approved plans for 4 detached units on an 11,100 sq.ft. corner lot, offering a combined total of 3,703 sq.ft. of living space. ~ Building ONE (969 sq.ft.): This existing remodeled single-family home will remain and is currently tenant-occupied. It is designed with 2 bedrooms, 3 bathrooms, and 1 garage. ~ Building TWO (1,200 sq.ft.): An existing workshop will be converted into a two-story home featuring 3 bedrooms, 3 bathrooms. ~ Building THREE (796 sq.ft.): Planned as a single-level, 2-bedroom, 2-bathroom detached home with 1 attached garage. ~ Building FOUR (738 sq.ft.): This building will feature a 3-bedroom, 2-bathroom residence on the second floor with a 3-car garage below. ~ This is an exceptional opportunity to develop three additional units on this corner lot, offering great potential for added value and rental income in a sought-after location.

Details

Property type

Single Family Residence

Est. home value

$1,037,684

Lot size

0.2569 acres

Price per sq ft

$892

Year built

1954

Price History

09/19/2024
CRMLS

CRMLS #WS24194878

Listed
$1,398,000
+86.4%
05/26/2020
CRMLS

CRMLS #WS20036624

Sold
$750,000
+8.26%
04/01/2019
CRMLS

CRMLS #PW18279294

Sold
$692,800

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Montebello Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jianwei Angela Li Trust

Loan start date

December 2023

Original loan amount

$1,350,000

Est. remaining balance

Not provided

Interest rate

7.63%

Loan type

Seller take-back

Seller

Jwal Investment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 4:25 PM

Listing updated: 09/19/2024 at 5:50 AM

Listed by: XIAOXI SHANG, Pros Group Inc Phone #: (626) 841-1688

MLS: CRMLS #WS24194878

CRMLS logo

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