Excellent location in City of Rosemead. The area always has a high demand in rental. Subject property totally has 10 units. 9 units 1 bed 1 bath, and 1 unit 2 bed 1 bath. Garden style one story apartments almost like single family houses. 5 individual buildings, the front building is 2 bed 1 bath, plus other 4 duplex buildings. Cap rate is 5.03%. Separate electric and gas meters, separate water heaters. Owner has good maintenance. Fully occupied with stable tenants. Rent below market value with upside potential. On site laundry can generate extra income. Total 11 carport parking, each carport has spacious space for either extra parking or storage. Huge lot, over 24 thousand sqft R3 zoning with redevelopment possibility, please check with City. Many new residential developments in the neighborhood. Close everything, grocery, shopping, dining, entertainment, school, park, public transportation, freeway 10, any more. In the heart of San Gabriel Valley, south of Pasadena, Arcadia, and Temple City. Only 10 miles away from Downtown Los Angeles. Local population is still growing. Any questions, please directly contact listing agent Alanna Wang, wang.alanna@gmail.com, cell 626.675.7492.
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