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8471 Wells Street

Rosemead, CA 91770
  • $2,550,000
  • STATUS: Active Under Contract
  • ON SITE: 59 Days
  • ID#: 24469985
Under Contract
$2,550,000
  • 11
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,423
    SQFT
  • $470
    $/SQFT
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)


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 California Regional Multiple Listing Service, Inc. as of 2025-02-08T00:30:01.147. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/158658454
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8471 Wells Street Rosemead, CA 91770

  • Price: $2,550,000
  • Status: Active Under Contract
  • On Site: 59 Days
  • ID#: 24469985
11
Beds
0
Baths
0
½ Baths
0.76
Acres
5,423
SQFT
$470
$/SQFT
1947
Built
Neighborhood:
651 - Rosemead/S. San Gabriel
County:
Los Angeles
Area:
651 - 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

Parking Features Garage Parking Total 11

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.33 Garage YN Yes Gross Income 172152 Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 110337 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning RMR1YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-08T00:30:01.147. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)