8471 Wells St - Apartments FOR SALE


Rosemead, CA 91770
$2,550,000 USD
213-233-4389
8471 Wells St, Rosemead, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

8471 Wells St
Rosemead, CA 91770


HIGHLIGHTS

  • 6-unit collection of single-story, cottage-style detached homes in North Rosemead
  • 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
  • the property presents a realistic rental upside of approximately 18% in a high-demand rental market
  • Conveniently located just a short distance from Valley Boulevard's shops and restaurants
  • Nearby Emma W. Shuey Elementary School, Rosemead High School, Sally Tanner Park, and Valley Blvd

OVERVIEW

Shant Sherbetdjian with Re/Max Commercial & Investment Realty is proud to present for sale, the 8471-8481 Wells Street Homes in North Rosemead. 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). Situated on Wells Street. Nearest major cross street of San Gabriel Blvd and Valley Blvd. The location has easy access to the 10, 605, and 710 freeways. The property is conveniently located nearby Emma W. Shuey Elementary School, Rosemead High School, Sally Tanner Park, and Valley Blvd. See notes for further details. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text the office. All showings are subject to accepted offer, include your Proof of Funds.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

6

PRICE/UNIT

$425,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 SINGLE-STORY UNITS IN NORTH ROSEMEAD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,208 SF

ZONING

RMR1YY

APN/PARCEL ID

5372-015-033

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
213-233-4389

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
213-233-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.