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8130 Constance Street, Rosemead, CA 91770
Priced at Only: $1,995,000
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Address: 8130 Constance Street, Rosemead, CA 91770
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  • MLS#: 26641381 ( )
  • Street Address: 8130 Constance Street
  • Viewed: 5
  • Price: $1,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: Rosemead
  • Zipcode: 91770
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Armin Armin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present a 6 unit multifamily investment in Rosemead offering strong in place cash flow and upside potential, all outside of Los Angeles rent control. The property is currently operating at approximately a 5.7% cap rate, providing attractive current returns with long term appreciation potential.The asset consists of two three unit apartment buildings situated on two contiguous parcels totaling approximately 11,043 square feet, with approximately 3,730 square feet of residential building area. The property features six 1 bedroom / 1 bath units, nearly all renovated, with most units offering in unit laundry and six on site parking spaces. The property also benefits, by way of supplemental income, from a tire shop secured by a long term, below market lease, offering meaningful rental upside in the event of a future vacancy or re tenanting.Located in the San Gabriel Valley, approximately 15 minutes east of Downtown Los Angeles, Rosemead benefits from strong renter demand driven by affordability relative to nearby markets, proximity to major employment centers, and excellent freeway connectivity. The site may also present potential ADU development opportunities, subject to buyers independent investigation and verification. A well located multifamily asset with solid current returns, built in income growth, and multiple paths to value creation.
Features
Building Area Total
  1. 3730.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 114531.00
Parcel Number
  1. 5284008018
Parking Features
  1. Gated
Postalcodeplus4
  1. 3174
Sourcesystemkey
  1. 26641381:CLAW
Totalexpenses
  1. 47002.00
Year Built
  1. 1960
Zoning
  1. RMC3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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