Bought with Katie Yau
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2718 Muscatel AVE Rosemead, CA 91770
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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CNSR20138242
Sold Date 12/08/20
Style Ranch
Year Built 1938
Lot Size 6,773 Sqft
Property Sub-Type Triplex
Source CRISNet
Property Description
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!
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Rooms
Kitchen Other
Interior
Heating Floor Furnace
Cooling Window / Wall Unit
Flooring Other
Laundry Gas Hookup, 30
Exterior
Parking Features Converted, Other, Off-Street Parking
Garage Spaces 5.0
Pool None
View Forest / Woods
Roof Type Composition
Building
Story One Story
Sewer TBD
Water District - Public
Architectural Style Ranch
Others
Tax ID 5282025018
Special Listing Condition Not Applicable
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