8471 Wells Street
$2,550,000
11
6
5,423
5,423
$470
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...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.
- Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 8471 Wells Street
Zoning
RMR1YY
Cross StreetsEarle Ave
Parcel Number5372015033
Total Units6.0
Living Area5423
Source Living AreaVendor Enhanced
AreaRosemead/S. San Gabriel (651)
Vacancy RateNone
LISTING UPDATED: 12/17/2024 12:01 AM
Property Details for 8471 Wells Street
Status | Active |
---|---|
MLS # | 24-469985 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1947 |
Lot Size | 0.76 AC / 33,191 SF |
County | Los Angeles County |
Building Information for 8471 Wells Street
Stories1Residences-Year Built1947Building Size-Lot Size0.76 AC / 33,191 SF
Property Information for 8471 Wells Street
Property History for 8471 Wells Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8471 Wells Street
Taxable ValueLand$1,545,311Additions$579,488Total$2,124,799
Tax Record2024$26,871 ($2,239 / month)
Home Facts
Total Finished SqFt5,423 SqFtAbove Grade Finished SqFt5,423 SqFtLot Size33,182 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningRMR1YYCountyLOS ANGELESAPN5372-015-033
Schools near 8471 Wells Street
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 |
---|---|---|
Emma W. Shuey Elementary School PublicK to 6 | ||
Muscatel Middle School Public7 to 8 | ||
Rosemead High School Public9 to 12 | ||
El Monte Union High School Community Day 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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