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$12,000,000
40 Days Online

6933 Rosemead Boulevard
San Gabriel, CA 91775

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Handoko Chen of GIG Real Estate Inc.

We offer personal tours of homes & follow COVID-19 guidelines to help keep everyone safe. Please contact Ken Tritle, Realtor®, SRES® Senior Real Estate Specialist, DreamWell Homes Realty, call/text 760-798-9024 for more information.

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760-798-9024
6933 Rosemead Boulevard6933 Rosemead Boulevard6933 Rosemead Boulevard6933 Rosemead Boulevard
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6933 Rosemead Blvd., a 40-unit Value-Add multifamily investment opportunity located in the City of San Gabriel, CA. This offering provides a rare opportunity for investors to acquire a sizable multifamily asset with tremendous upside potential through corrective management to increase the current income. The location is excellent at the border of Arcadia and Pasadena and within minutes from Santa Anita Mall Arcadia, Santa Anita Park/Racetrack, and Los Angeles County Arboretum. This offering provides an attractive going-in CAP Rate of over 4% and proforma CAP Rate of close to 6%. The property is located on Rosemead Blvd and is surrounded by single family residential communities, neighborhood shopping centers, and other residential community amenities. It is surrounded by other excellent cities like Arcadia, Pasadena, Temple City, and San Marino. The property is a two-story garden style property that was built in 1964. It has a total of ±23,805 SF and situated on a ±39,273 SF R3 zone lot. The property is gated with secured entrance and offers a large and underutilized center courtyard. It offers an excellent unit mix of five (5) 2bedroom+2bathroom and thirty-five (35) 1bedroom+1bathroom units. Although most of the units have laminate flooring, an astute investor should be able to easily upgrade the units and increase rents to market. Each unit is separately metered for electricity and gas and has windows A/C, wall heater, and ceiling fans in the bedroom. The one-bedroom units have one walk-in closet and a regular closet. The property has a copper plumbing throughout and was recently repainted and undergone landscaping improvements. The property is overparked with a total of 57 covered parking spaces. The building only requires 45 spaces (2 spaces for each 2bedroom unit, and 1 space for each 1bedroom unit) which leave 12 excess parking spaces that can be utilized to generate additional income or converted into ADUs (buyer to verify). Although some of the units have been updated, new owner can take it to the next level and maximize its rental upside potential.

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Listing Snapshot
Price 
$12,000,000
Days Online 
40 Days
Bedrooms 
N/A
Inside Area (SqFt) 
23,805 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.9014 Acres
Year Built 
1964
MLS Number 
AR22141325
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
2 weeks agoPrice changed to $12,000,000
a month agoListing first seen online
General Features
Parking 
Assigned
Parking Spaces 
57
Sewer 
Public Sewer
Electric 
Standard
Number of Stories 
2
Acreage 
0.9014
Water 
Public
Property Sub Type 
Apartment
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Zoning 
LCR3*
Listing Conditions 
Standard
Interior Features
Cooling 
Wall Window Units
Heating 
Wall Furnace
Appliances 
Gas Range
Flooring 
CarpetLaminateVinyl
Fireplace Features 
None
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Pool Features 
None
Lot 
LevelNear Public TransitRectangular Lot
Community Features
Association Dues 
0
Community Features 
SuburbanValley
Senior Community 
No
MLS Area 
654 - San Gabriel


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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