8471 Wells Street

Rosemead, CA 91770 Active for $2,550,000

Overview
Map & Location
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Property History
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Beds: 11 Baths: 6 Structure Size: 5,423 sqft Lot Size: 33,191 sqft

Property Facts

MLS	24469985
Year Built	1947
Property Type
County	Los Angeles
Status	Active
Active	$2,550,000
Structure Size	5,423 sqft
Lot Size	33,191 sqft
Beds	11
Baths	6

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.

Listing information courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty 626-657-8150. *Based on information from the Association of REALTORS/Multiple Listing as of 01/08/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.