Bought with General NONMEMBER • NONMEMBER MRML
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,095 sqft
Price per Sqft $354
MLS Listing ID CROC22028628
Sold Date 03/30/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 10,128 Sqft
Property Description
Great investment opportunity in Rosemead. Suitable for someone who wants to occupy the front house and use the rear units as supplemental income or for an investor looking to grow their portfolio. Unit mix consists of a detached 3 bed 2 bath house in the front with its own front yard. Rear structure consists of (2)Two: 2 bed-1bath units with one common wall. Property is nestled on a large lot with plenty of parking for tenants. The location provides easy access to nearby restaurants/shopping centers and freeways. Current rents are approximately 50% below market rents for area allowing for immediate upside in income. Stabilized Proforma: GOI- $91,200, New Operating Expenses- $33,537 (36%), NOI-$57,663, CAP Rate- 4.3%, GRM- 15. Property is also associated with listing ID OC22028325. Buyer to verify the accuracy of all information included but not limited to square footage, zoning, permits, rents, ect.
Location
State CA
County Los Angeles
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Type Converted Garage
Building
Lot Description Cul-De-Sac, Paved
Water Public
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