6 SINGLE-STORY UNITS IN NORTH ROSEMEAD | 8471 Wells St
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6 SINGLE-STORY UNITS IN NORTH ROSEMEAD 8471 Wells St
6 Unit Apartment Building $3,614,421 CAD ($602,404 CAD/Unit) Rosemead, CA 91770
Investment Highlights
- 6-unit collection of single-story, cottage-style detached homes in North Rosemead
- The attractive unit mix features primarily 2-bedroom homes | each offering private patios and garage parking
- Conveniently located just a short distance from Valley Boulevard's shops and restaurants
- property spans an expansive 33,191 square foot lot with approximate dimensions of 380 feet by 86 feet
- the property presents a realistic rental upside of approximately 18% in a high-demand rental market
- Nearby Emma W. Shuey Elementary School, Rosemead High School, Sally Tanner Park, and Valley Blvd
Executive Summary
Shant Sherbetdjian with Re/Max Commercial & Investment Realty is proud to present for sale, the 8471-8481 Wells Street Homes in North Rosemead. 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). Situated on Wells Street. Nearest major cross street of San Gabriel Blvd and Valley Blvd. The location has easy access to the 10, 605, and 710 freeways. The property is conveniently located nearby Emma W. Shuey Elementary School, Rosemead High School, Sally Tanner Park, and Valley Blvd. See notes for further details. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text the office. All showings are subject to accepted offer, include your Proof of Funds.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$244,012
|
$45.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,321
|
$1.35
|
| Effective Gross Income |
$236,691
|
$43.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$80,297
|
$14.81
|
| Net Operating Income |
$156,394
|
$28.84
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $244,012 |
| Annual Per SF | $45.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,321 |
| Annual Per SF | $1.35 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $236,691 |
| Annual Per SF | $43.65 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $80,297 |
| Annual Per SF | $14.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $156,394 |
| Annual Per SF | $28.84 |
Property Facts
| Price | $3,614,421 CAD | Building Class | C |
| Price Per Unit | $602,404 CAD | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 5,423 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Garden | Parking Ratio | 2.03/1,000 SF |
| Price | $3,614,421 CAD |
| Price Per Unit | $602,404 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 5,423 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 2.03/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,516 CAD | 504 |
| 2+1 | 4 | $3,461 CAD | 900 - 956 |
| 2+1 | 1 | $4,410 CAD | 1,263 |
PROPERTY TAXES
| Parcel Number | 5372-015-033 | Improvements Assessment | $819,981 CAD (2024) |
| Land Assessment | $2,186,630 CAD (2024) | Total Assessment | $3,006,612 CAD (2024) |
PROPERTY TAXES
Parcel Number
5372-015-033
Land Assessment
$2,186,630 CAD (2024)
Improvements Assessment
$819,981 CAD (2024)
Total Assessment
$3,006,612 CAD (2024)
zoning
| Zoning Code | RMR1YY |
| RMR1YY |
-
Shant Sherbetdjian -
RE/MAX Commercial & Investment Realty
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6 SINGLE-STORY UNITS IN NORTH ROSEMEAD | 8471 Wells St
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