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$ 3,250,000
Est. payment /mo
New
3421 Lafayette AVE Rosemead, CA 91770
24 Beds
23 Baths
10,818 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,818 sqft
Price per Sqft $300
MLS Listing ID 25629151
Bedrooms 24
HOA Y/N No
Year Built 1989
Property Description
The Offering presents a rare opportunity to acquire a trophy single-family residential portfolio consisting of five (5) separate two-story single-family homes located in the San Gabriel Valley, one of Los Angeles County's most desirable and supply-constrained submarkets. Constructed in 1989, the property is situated on a large 30,000 square foot lot and is being offered as a single package, providing investors immediate scale with the operational advantages of single-family housing. Each residence features spacious 4- and 5-bedroom floor plans, averaging 2,100+ square feet per unit, and includes an attached 2-car garage with direct interior access. The homes are individually metered for water, gas, and electricity, resulting in minimal landlord expenses and efficient long-term operations. The asset offers a compelling value-add investment profile, with a realistic rental upside of approximately 27%, achievable through market rent adjustments and continued professional management. The portfolio benefits from AB 1482 rent control only and is not subject to any local rent control ordinances, providing enhanced flexibility for future rent growth. Strategically located near San Gabriel Boulevard and Garvey Avenue, the property is in close proximity to retail, dining, employment centers, and essential services. The configuration is well-suited for multi-generational living, a highly desirable housing trend in the San Gabriel Valley, allowing families to live in close proximity while maintaining privacy. This offering is ideally suited for investors seeking a high-quality single-family rental portfolio with strong in-place fundamentals, significant rental upside, low operating expenses, and long-term appreciation potential in a core Southern California market.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMR2*
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 10.0
Garage Description 10.0
Total Parking Spaces 10
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5287013026
Special Listing Condition Standard
Listed by Shant Sherbetdjian Remax Commercial and Investment Realty