8471 Wells Street, Rosemead CA, 91770

Active

8471 Wells Street

Rosemead CA, 91770

$2,550,000

$470.22 per sqft

Active

11 Beds

6 Baths

5,423 sqft

Residential

Built in 1947

Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty 626-657-8150

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.

24469985

MLSⓇ ID

December 9, 2024

Listed

January 17, 2025

Updated

Map

8471 Wells Street
Rosemead CA, 91770

Interior Features

Total Stories: 1
Bedrooms: 11
Total Bathrooms: 6
Laundry Description: See Remarks
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.76 Acres

Other Property Details

Area Name: 651 - Rosemead/S. San Gabriel
Days on Market: 35
Garage: Yes
Garage Spaces: 11
Parking: Garage
Parking Total: 11
View: No
County: Los Angeles
Pool: No
Zoning: RMR1YY

Listing Contact: 213-817-1000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/17/2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/17/2025 at 9:48 AM UTC