8471 Wells Street

Rosemead, CA 91770

$2,550,000
Price
11
Beds
6
Baths
5,423 Sq. Ft.
$470 / Sq. Ft.
5,423
Sq. Ft.
$470
per Sq. Ft.

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.
  1. Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 8471 Wells Street

Zoning
RMR1YY
Cross Streets
Earle Ave
Parcel Number
5372015033
Total Units
6.0
Living Area
5423
Source Living Area
Vendor Enhanced
Area
Rosemead/S. San Gabriel (651)
Vacancy Rate
None
LISTING UPDATED: 12/17/2024 12:01 AM

Property Details for 8471 Wells Street

StatusActive
MLS #24-469985
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.76 AC / 33,191 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Single Story
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $166,987
  • Net Operating Income: $110,337.00
  • Gross Income: $172,152
  • Cap Rate: 4.33%
  • Gross Rent Multiplier: $14.81
  • Vacancy Allow Dollar: $5,165.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 56650
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.762
  • Lot Size Square Feet: 33191
  • Lot Size Dimensions: 86 x 380
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 11
  • Garage Spaces Total: 11
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Gas Dryer Hookup, Other
  • Laundry: In Unit, Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,111.00
  • Unit Actual Rent: $3,111.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,775.00
  • Unit Actual Rent: $1,775.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,124.00
  • Unit Actual Rent: $2,127.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,304.00
  • Unit Actual Rent: $2,304.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,273.00
  • Unit Actual Rent: $2,273.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,759.00
  • Unit Actual Rent: $2,759.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $568,126.00
  • Assessed Improvement Percent: 27.27
  • Assessed Land Value: $1,515,011.00
  • Assessed Land Percent: 72.73
  • Assessed Total Value: $2,083,137.00

Property History for 8471 Wells Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

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8471 Wells Street is a multi-family home for sale in Rosemead, CA 91770. This property was listed for sale on December 9, 2024 by Remax Commercial and Investment Realty, it's currently listed at $2,550,000. It has been on the market for a total of 9 days and was last sold on December 21, 2007. This listing's school districts are El Monte Union High School District, Rosemead Elementary School District. Nearby schools include Emma W. Shuey Elementary School, Muscatel Middle School and Rosemead High School. 8471 Wells Street is a 11-bed, 6-bath, 5,423 sqft multi-family home built in 1947.

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 Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

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.