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$2,550,000

Beds
11
sq ft
5,423

8471 Wells St, Rosemead, CA 91770

8471 Wells St

Rosemead, CA 91770

  • 14 days on market
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.

Details

Property type

Lot size

0.762 acres

Price per sq ft

$471

Year built

1947

HOA

No

Price History

12/09/2024
CLAW

CLAW #24469985

Listed
$2,550,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 4:30 AM

Listing updated: 12/18/2024 at 9:55 PM

Listed by: Shant Sherbetdjian, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24469985

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