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8471 Wells St

Rosemead, CA 91770
  • $2,550,000
  • STATUS: Active Under Contract
  • ON SITE: 70 Days
  • MLS #: 24-469985
Under Contract
UPDATED: 38 min ago
$2,550,000
  • 11
    BEDS
  • 0.76
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,423
    SQFT
  • $470
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/158604710
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8471 Wells St Rosemead, CA 91770

  • Price: $2,550,000
  • Status: Active Under Contract
  • On Site: 70 Days
  • Updated: 38 min ago
  • MLS #: 24-469985
11
Beds
6
Baths
0
½ Baths
0.76
Acres
5,423
SQFT
$470
$/SQFT
1947
Built
Neighborhood:
Rosemead/S. San Gabriel
County:
Los Angeles
Area:
Rosemead/S. San Gabriel
Property Description
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.
Exterior Features

Cross Streets Earle Ave Levels One Lot Size Area 33191 Other Structures None Parking Garage Garage Total Parking 11

Interior Features

Cooling Other Equipment Gas Dryer HookupOther Heating Other Laundry In UnitOther

Property Features

Assessed Total Value 2083137 Disclosures As Is Gross Income 172152 Gross Operating Income 166987 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 110337.00 Number Of Buildings 4 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Total Annual Expense 56650 Type Of Units Single Story Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning RMR1YY

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial and Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210