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618 San Gabriel Boulevard Rosemead, CA 91770
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Key Details
Sold Price $1,810,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25075762
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present 618-620 San Gabriel Blvd, a charming single-story 6-unit multifamily asset in the unincorporated City of Rosemead. The city of Rosemead is a suburban neighborhood in the San Gabriel Valley located within LA County just 10-miles east of Downtown Los Angeles. Surrounding markets include the cities of San Gabriel, Monterey Park, Montebello, and Whittier. Within a +/- 20-mile drive from the property, tenants enjoy reasonable commutes DTLA, Hollywood Blvd, Dodger and SOFI Stadium, Crypto.com Arena, Intuit Dome, Disneyland in Orange County, and several beaches along the coast. More intimately, tenants enjoy being 1-block away from The Shops at Montebello a +/- 759,000 SF Retail Center with over 120 national and local tenants. Tenants are also within a 5-miunte drive to several household favorites like Costco, Home Depot, Walmart, In- N-Out, McDonalds, Olive Garden, AMC Theatre, Top Golf, and many more options. The property is also walking distance to Don Bosco Technical Institute and several other grade school options. 618-620 San Gabriel Blvd is a 6-unit multifamily asset with +/- 4,400 SF of rentable building space. The opportunity consists of 2 parcels side-by-side, totaling over 14,900 SF of land and offering plenty of space for on-site parking. The property consists of 6 single-story, ground-level units all offering 2-bedroom/1-bathroom floorplans. Each unit enjoys an oversized private backyard and one of the units has an attached single-car garage. The units boast a healthy monthly rental average of $2,183 solving to a favorable 6.07% CAP Rate and
Location
State CA
County Los Angeles
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
View Y/N No
Building
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Eric Chen CB RICHARD ELLIS
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