Great investment opportunity in Rosemead. Suitable for someone who wants to occupy the front house and use the rear units as supplemental income or for an investor looking to grow their portfolio. Unit mix consists of a detached 3 bed 2 bath house in the front with its own front yard. Rear structure consists of (2)Two: 2 bed-1bath units with one common wall. Property is nestled on a large lot with plenty of parking for tenants. The location provides easy access to nearby restaurants/shopping centers and freeways. Current rents are approximately 50% below market rents for area allowing for immediate upside in income. Stabilized Proforma: GOI- $91,200, New Operating Expenses- $33,537 (36%), NOI-$57,663, CAP Rate- 4.3%, GRM- 15. Property is also associated with listing ID OC22028325. Buyer to verify the accuracy of all information included but not limited to square footage, zoning, permits, rents, ect.
Great investment opportunity in Rosemead. Suitable for someone who wants to occupy the front house and use the rear units as supplemental income or for an investor looking to grow their portfolio. Unit mix consists of a detached 3 bed 2 bath house in the front with its own front yard. Rear structure consists of (2)Two: 2 bed-1bath units with one common wall. Property is nestled on a large lot with plenty of parking for tenants. The location provides easy access to nearby restaurants/shopping centers and freeways. Current rents are approximately 50% below market rents for area allowing for immediate upside in income. Stabilized Proforma: GOI- $91,200, New Operating Expenses- $33,537 (36%), NOI-$57,663, CAP Rate- 4.3%, GRM- 15. Property is also associated with listing ID OC22028325. Buyer to verify the accuracy of all information included but not limited to square footage, zoning, permits, rents, ect.