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.
Property Details
Price:
$2,550,000
MLS #:
24469985
Status:
Active
Baths:
0
Address:
8471 Wells Street
Type:
Residential Income
Neighborhood:
651rosemeadssangabriel
City:
Rosemead
Listed Date:
Dec 9, 2024
State:
CA
ZIP:
91770
Lot Size:
33,191 sqft / 0.76 acres (approx)
Year Built:
1947
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Schools
Interior
Exterior
Garage Spaces
11.00
Parking Features
Garage
Parking Spots
11.00
Stories Total
1
Financial
Map
Community
- Address8471 Wells Street Rosemead CA
- Area651 – Rosemead/S. San Gabriel
- CityRosemead
- CountyLos Angeles
- Zip Code91770
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Courtesy of Remax Commercial and Investment Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
8471 Wells Street
Rosemead, CA
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