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$1,995,000
Est. payment /mo
6 Beds
7 Baths
3,730 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,730 sqft
Price per Sqft $534
MLS Listing ID 26874215
Bedrooms 6
HOA Y/N No
Year Built 1960
Lot Size 0.253 Acres
Property Description
Global Platinum Properties is proud to present a seven-unit investment property in Rosemead, offering strong in-place cash flow and meaningful upside entirely outside Los Angeles rent control. The property operates at a 5.33% current cap rate, delivering attractive day-one returns with long-term appreciation potential. The asset consists of two three-unit apartment buildings situated on two contiguous parcels totaling 11,043 square feet, with approximately 3,730 square feet of residential building area. The property features six renovated 1-bedroom / 1-bath units, most offeringin-unit laundry, plus six on-site parking spaces around a central garden courtyard. Supplemental income comes from a tire shop on a long-term lease through 12/31/2039 at a deeply below-market rate of $750/month, against an estimated $2,500 market rent, with zero management, no retail experience required, and substantial retail upside in the event of a future vacancy or re-tenanting. The retail income is not included in the per-unit cost calculations. Located in the San Gabriel Valley, approximately 15 minutes east of Downtown Los Angeles and minutes from the region's established Chinese-American commercial corridors, Rosemead benefits from deep, consistent renter demand.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMC3*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5284008018
Special Listing Condition Standard
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Listed by Julio Ruiz Global Platinum Properties, Inc. #01911261
Nearby School & Business
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