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Listed by Timothy Chen • Real Broker
$1,500,000
Est. payment /mo
666 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 666 sqft
Price per Sqft $2,252
MLS Listing ID CROC25182369
HOA Y/N No
Year Built 1947
Lot Size 10,332 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
Read the description carefully. This is a development deal. Fully Entitled 4-Unit Development Site in Prime Rosemead – Shovel-Ready in 2 Months. The original ±20,644 SF lot has been subdivided into two parcels, each ±10,322 SF. - 3045 Sullivan Ave includes an existing 2B/1B single-story home (±666 SF), currently rented for $2,050/month. Property can be delivered vacant. - 3047 Sullivan Ave includes an existing 4B/3B single-story home (±1,832 SF), currently occupied by the owner’s relative, and can also be delivered vacant. Each parcel is fully entitled and approved for four new units — two spacious 4-bedroom main residences (±2,107 SF each) and two detached 3-bedroom ADUs (±1,200 SF each). Final construction drawings are in the last stage of plan check, and the property can be delivered shovel-ready in approximately 2 months with payment of remaining permit and impact fees. Located just minutes from GW Supermarket, Costco, golf courses, and only 15 minutes from Downtown Los Angeles, this site is ideally positioned for high rental demand and long-term appreciation. Upon construction completion, the entire 4-unit property can qualify for residential 30-year fixed-rate financing, offering buyers favorable long-term loan options not available for most multi-unit developme
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry In Garage
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613