Rosemead, CA 91770,7929 Virginia ST
Rosemead, CA 91770,7929 Virginia ST
Rosemead, CA 91770,7929 Virginia ST
Rosemead, CA 91770,7929 Virginia ST
Rosemead, CA 91770,7929 Virginia ST
Rosemead, CA 91770,7929 Virginia ST
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$1,450,000

$1,350,000

7.4%
Est.Price: ?

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Est. payment /mo

10,127 Sqft Lot


SOLD DATE : 03/30/2022

Key Details

Sold Price $1,450,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22028628

Sold Date 03/30/22

HOA Y/N No

Year Built 1959

Lot Size 10,127 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 651 - Rosemead/S. San Gabriel

Zoning RMR2YY

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Parking Features Converted Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description Cul-De-Sac, Paved

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 5287037003

Energy Description 675.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by James Kezios • Pacific Sotheby's Int'l Realty
Bought with LILY LEI • Coldwell Banker George Realty
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7475 N Palm Ave STE 105, Fresno, CA, 93711

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