Sold for $2,300,000

$2,300,000

8471 Wells St, Rosemead, CA 91770

11beds

6baths

5,423sqft

Multi Family

Built in 1947

-- sqft lot

$-- Zestimate^®

$424/sqft

$4,601 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,601/mo

Zestimate^® history

Owner options

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$4,601/mo

Rent Zestimate^®

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$14,588/mo

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$14,588/mo

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What's special

Private patiosGarage parking

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). See notes for further details.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 6

Heating

Other

Cooling

Other

Appliances

Laundry: In Unit, Other, Gas Dryer Hookup

Interior area

Total structure area: 5,423
Total interior livable area: 5,423 sqft

Property

Parking

Total spaces: 11
Parking features: Garage
Garage spaces: 11

Features

Levels: One
Stories: 1

Lot

Size: 0.76 Acres
Dimensions: 86 x 380

Details

Additional structures: None
Parcel number: 5372015033
Zoning: RMR1YY
Special conditions: Standard
Other equipment: Other

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1947

Community & HOA

Location

Region: Rosemead

Financial & listing details

Price per square foot: $424/sqft
Tax assessed value: $2,083,137
Annual tax amount: $27,838
Date on market: 12/9/2024

Price history

Date	Event	Price
4/11/2025	Sold	$2,300,000-9.8%$424/sqft
Source: CLAW #24-469985 Report a problem
2/20/2025	Pending sale	$2,550,000$470/sqft
Source: CLAW #24-469985 Report a problem
1/30/2025	Contingent	$2,550,000$470/sqft
Source: CLAW #24-469985 Report a problem
12/9/2024	Listed for sale	$2,550,000+54.5%$470/sqft
Source: CLAW #24-469985 Report a problem
12/21/2007	Sold	$1,650,000$304/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$27,838 +3.6%	$2,167,294 +2%
2024	$26,871 -0.5%	$2,124,799 +2%
2023	$27,019 +3.5%	$2,083,137 +2%
2022	$26,103 +1.1%	$2,042,292 +2%
2021	$25,832 +2.1%	$2,002,248 +1%
2020	$25,298	$1,981,718 +3.2%
2019	$25,298 +15.6%	$1,920,000 +6.7%
2018	$21,889 -5.2%	$1,800,000 +8.9%
2017	$23,081 +6.6%	$1,653,000
2016	$21,644 +2.9%	$1,653,000
2015	$21,033 +18%	$1,653,000 +21.5%
2014	$17,824	$1,361,000 -19.1%
2009	--	$1,683,000 +965%
2006	--	$158,030 +6%
2003	--	$149,112