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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-6833
Sold Date 11/01/21
Bedrooms 7
HOA Y/N No
Lot Size 0.485 Acres
Property Description
This property is a developer's dream. Zoned LCA1, Triplex (3 units, any combination), the property is a large, flat lot of approx. 1/2 acre (21,120 square foot). There are 3 single family homes on the property that could be refurbished, or the whole site can be redeveloped to achieve top dollar for sale or for rent with 3 homes, 3 townhouses, or 3 apartments. The front house, built in 1958, is the largest, is in the best condition, and has three bedrooms and two baths and an attached 2-car garage. It could be used as the developer's home and/or office while developing the other two structures. The back houses are identical two bedroom and one bath units with an attached single car garage. Masonry walls border the north and south sides of the property. The street is a quiet, long cul-de-sac with no through traffic, yet it is still in close proximity to shops, schools, parks, restaurants, and transportation. Similar properties have been successfully developed on this street. The property is located south of Broadway and west of Rosemead Blvd. in the LA County Area of San Gabriel. San Gabriel area schools. This is a great opportunity! (3 electric meters, front & back units gas meters, middle unit no gas, 1 water meter.)
This property is a developer's dream. Zoned LCA1, Triplex (3 units, any combination), the property is a large, flat lot of approx. 1/2 acre (21,120 square foot). There are 3 single family homes on the property that could be refurbished, or the whole site can be redeveloped to achieve top dollar for sale or for rent with 3 homes, 3 townhouses, or 3 apartments. The front house, built in 1958, is the largest, is in the best condition, and has three bedrooms and two baths and an attached 2-car garage. It could be used as the developer's home and/or office while developing the other two structures. The back houses are identical two bedroom and one bath units with an attached single car garage. Masonry walls border the north and south sides of the property. The street is a quiet, long cul-de-sac with no through traffic, yet it is still in close proximity to shops, schools, parks, restaurants, and transportation. Similar properties have been successfully developed on this street. The property is located south of Broadway and west of Rosemead Blvd. in the LA County Area of San Gabriel. San Gabriel area schools. This is a great opportunity! (3 electric meters, front & back units gas meters, middle unit no gas, 1 water meter.)
Location
State CA
County Los Angeles
Area San Gabriel (91776)
Zoning Assessor
Building
Lot Description Curbs
Level or Stories 1 Story
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Bill Doll • COMPASS