We are pleased to present a rare income-producing residential compound situated on an expansive 20,106 sqft lot. This unique property features a classic 2br/1ba single-family home at the front, and a permitted two-story rear structure built in 2008. The rear addition consists of 6 independent 2br/1ba units (3 per floor), each with its own entrance and bathroom.
The property is fully leased to stable, long-term tenants and delivers immediate cash flow with an above-average CAP rate. This is an incredible opportunity for high-net-worth cash investors seeking generous passive income. Situated in a highly desirable suburb just 5 minutes from I-10, US-60, Costco, schools, and Montebello Mall.
Additional features include a detached garage and a massive backyard with significant potential for future improvements. SFR, not individually metered and owner pays all utilities. Seller will provide additional documents and financial data upon receipt of a valid offer. Buyers to verify all permits and improvements. Please do not disturb any tenants.
Location
Financial Information
List Price:$ 1680000
Property Features
Community Features:Urban
High School District:San Gabriel Unified
Levels:Two
Senior Community YN:false
Structure Type:House
View:Valley
Water Source:Public
High School District:San Gabriel Unified
MLS Area Major:651 - Rosemead/S. San Gabriel
City:Rosemead
Senior Community YN:false
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Listed By:
SHENG WAN
IRN REALTY
CA Lic#
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