3820 Rosemead Boulevard

Rosemead, CA 91770

$4,800,000
Price
3
Beds
24
Baths
8,568 Sq. Ft.
$560 / Sq. Ft.
8,568
Sq. Ft.
$560
per Sq. Ft.

Description

Rare find 2005 built with a solid quality and well maintained 8-unit multifamily asset centrally located in the City of Rosemead, in the heart of West San Gabriel Valley. San Gabriel Valley has a fast dynamic economic growth and a strong real estate appreciation track record in the Southern California. The property current cap rate is around 3.67%, rents are below market. It has a very reasonable upside potential and the pro forma cap rate could be around 4.34%. This two-story townhouse style property...Rare find 2005 built with a solid quality and well maintained 8-unit multifamily asset centrally located in the City of Rosemead, in the heart of West San Gabriel Valley. San Gabriel Valley has a fast dynamic economic growth and a strong real estate appreciation track record in the Southern California. The property current cap rate is around 3.67%, rents are below market. It has a very reasonable upside potential and the pro forma cap rate could be around 4.34%. This two-story townhouse style property has four duplex buildings, total ± 8,568 SF building situated on ± 17,051 SF lot. Each unit is around 1,071 SF, has 3 beds 2.5 baths with a two-car attached garage; heater and central A/C; laundry hook-up; individual electric, gas and water meters. Eight guest parking spaces. Fully occupied now. The property south side is just two blocks away from the Rosemead Place Shopping Center – Target, LA Fitness, various restaurants, pets supply stores, Ultra Beauty, Ross, Dollar Tree, and many more. The property north side is just a couple blocks away from the prosperous Valley Blvd retail/commercial corridor. Close to City Hall, library, groceries, banks, schools, etc. Easy access to Freeway 10, 60, and 605. Only around 10 miles away from the Downtown Los Angeles. Very convenient for the daily life. This easy manage multifamily asset is waiting for an investor who likes to extend the portfolio with a pride of ownership and great appreciation over time! Do not disturb tenants or walk on the property, tenants do not know the sale. Inspection/walk through will be provided upon accepted offer. Email listing agent for more information.
  1. Listed by DORESA WANG • DRE #01523172 • Brokerage DRE #01918023 • Pinnacle Real Estate Group • 626-877-6866

Property Details for 3820 Rosemead Boulevard

Parking Spaces Total
24
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8568
Assessor Parcel Number
8594-016-015
Property Attached YN
true
LISTING UPDATED: 10/23/2024 11:51 PM

Property Details for 3820 Rosemead Boulevard

StatusActive
MLS #WS24219354
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built2005
CountyLos Angeles County

Building Information for 3820 Rosemead Boulevard

Building/Complex3820 Rosemead BlvdFloor-Stories2Residences-Pet Policy-Year Built2005Building Size-

Property Information for 3820 Rosemead Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $255,000
  • Gross Scheduled Income: $255,000
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $249,900
  • Net Operating Income: $176,143
Expense Details
  • Operating Expense: $73,757
  • New Taxes Expense: $60,480
  • Gardener Expense: $1,536
  • Fuel Expense: $0
  • Electric Expense: $329
  • Insurance Expense: $4,500
  • Maintenance Expense: $2,500
  • Professional Management Expense: $0
  • Trash Expense: $3,770
  • Water Sewer Expense: $642
  • Total Expenses: $73,757
Tax / Assessment Info
  • Tax Tract Number: 6288
  • Tax Census Tract: 4329.01
  • CFD/Mello-Roos Fee: $3,247
  • Tax Lot: 67
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: front door & garage
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Paved
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 16
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $21,250
  • Unit Type Total Rent: $21,250
  • Unit Type Pro Forma: 24000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 9

Property History for 3820 Rosemead Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3820 Rosemead Boulevard

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Savannah Elementary School
PublicK to 6

Muscatel Middle School
Public7 to 8

Rosemead High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3820 Rosemead Boulevard is a townhouse for sale in Rosemead, CA 91770. This property was listed for sale on October 22, 2024 by Pinnacle Real Estate Group, it's currently listed at $4,800,000. This listing's school districts are El Monte Union High School District, Rosemead Elementary School District. Nearby schools include Savannah Elementary School, Muscatel Middle School and Rosemead High School. 3820 Rosemead Boulevard is a 3-bed, 24-bath, 8,568 sqft townhouse built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pinnacle Real Estate Group, DORESA WANG, DRE #01523172

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.