Lowest price and best value in desirable Rosemead. Exceptional Opportunity: centrally-located, on quiet street, close to good amenities in the San Gabriel Valley. Three non-conforming units (front: 4 bdrms, 2 bths; converted detached garage: 1+1; rear: 3+1). The newer rear unit and the garage conversion do not appear in the tax assessor's sqft of 932 but have been in existence for an extended period of time. Stable multi-year tenants now on month-to-month. Gross yearly income is $43,800 w/ minimal expenses. Tenants pay for all utilities, owner for property taxes and insurance only. Optimal 5.22% cap rate, 15.50 gross multiplier. Ample lot size of 6773 sqft. Property to be sold "as is" in its present condition, with no guarantee and retrofitting, subject to buyers' inspections. Interior inspection only after acceptance of fully-documented offer, with current proof of funds, FICO scores, and prequalification. Sellers may carry for 12 months with 75% down, subject to acceptable credit and proof of income. Compare, drive by and submit offer: amazing value, great bread and butter investment!
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