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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $240
MLS Listing ID CRSR20138242
Sold Date 12/08/20
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1938
Lot Size 6,773 Sqft
Property Description
Lowest price and best value in desirable Rosemead. Exceptional Opportunity: centrally-located, on quiet street, close to good amenities in the San Gabriel Valley. Three non-conforming units (front: 4 bdrms, 2 bths; converted detached garage: 1+1; rear: 3+1). The newer rear unit and the garage conversion do not appear in the tax assessor's sqft of 932 but have been in existence for an extended period of time. Stable multi-year tenants now on month-to-month. Gross yearly income is $43,800 w/ minimal expenses. Tenants pay for all utilities, owner for property taxes and insurance only. Optimal 5.22% cap rate, 15.50 gross multiplier. Ample lot size of 6773 sqft. Property to be sold "as is" in its present condition, with no guarantee and retrofitting, subject to buyers' inspections. Interior inspection only after acceptance of fully-documented offer, with current proof of funds, FICO scores, and prequalification. Sellers may carry for 12 months with 75% down, subject to acceptable credit and proof of income. Compare, drive by and submit offer: amazing value, great bread and butter investment!
Location
State CA
County Los Angeles
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Flooring See Remarks
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View Trees/Woods
Handicap Access See Remarks
Parking Type Converted Garage, Other, Street Parking
Building
Lot Description Other
Water Public
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