Rosemead, CA 91770,3337 Alanreed Avenue

$1,020,000

$998,000

2.2%
Est.Price: ?

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Est. payment /mo

2 Beds

1 Bath

7,039 Sqft Lot


SOLD DATE : 12/20/2024

Key Details

Sold Price $1,020,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-19780

Sold Date 12/20/24

Bedrooms 2

HOA Y/N No

Lot Size 7,039 Sqft

Property Description

This income property with a huge upside potential must NOT be missed!! Located in Rosemead, this duplex along with an additional studio unit in the back offers a unique opportunity to capitalize on below-market rents with room for substantial increases. Both front and rear units have two bedrooms and one bathroom, spacious living areas, and a kitchen. The back studio/workshop has an open floor plan and a private entrance. All units are currently rented below market value, offering significant potential for rent increases and a stronger cash flow. Close to public transportation, schools, shopping, parks, groceries, and a freeway, this convenient location has a strong demand in the area ensuring low vacancy rates and a strong rent increase projection. With the ongoing developments and the revitalization movements in Rosemead, this property is well-positioned for value growth for the investors or the owner/rental. Must SEE!
This income property with a huge upside potential must NOT be missed!! Located in Rosemead, this duplex along with an additional studio unit in the back offers a unique opportunity to capitalize on below-market rents with room for substantial increases. Both front and rear units have two bedrooms and one bathroom, spacious living areas, and a kitchen. The back studio/workshop has an open floor plan and a private entrance. All units are currently rented below market value, offering significant potential for rent increases and a stronger cash flow. Close to public transportation, schools, shopping, parks, groceries, and a freeway, this convenient location has a strong demand in the area ensuring low vacancy rates and a strong rent increase projection. With the ongoing developments and the revitalization movements in Rosemead, this property is well-positioned for value growth for the investors or the owner/rental. Must SEE!

Location

State CA

County Los Angeles

Area Rosemead (91770)

Zoning Public Rec

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional

Space Rent $1,650

Listing Terms Cash, Conventional

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Euni Sung • COMPASS
Bought with PACIFIC STERLING REALTY
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