7959 Hill Dr, Rosemead, CA 91770

Property Description

We are pleased to present a four-unit, multi-family property with potential development opportunity located at 7959 Hill Drive in the city of Rosemead, California. Situated on a large lot of 28,515 square feet, the subject property consists of four separate single story units. The units were built between 1926 and 1955 with approximately 3,623 total rentable square feet. Title shows five legal units but one of the units was destroyed during a fire. The current four units have an excellent unit mix of three two-bedroom / one-bathroom and one one-bedroom / one-bathroom unit. All units feature private front/backyards, laundry hookups, individual water heaters, pitched roofing and individually metered gas and electricity. Current rents are significantly below market with at least 25 percent upside potential for new owner. Rosemead is not subject to rent control restrictions. Current zoning allows owner to build up to five units of detached condos/townhouse or other agricultural related use. Due to lack of newer construction in the city of Rosemead, this investment allows a new owner multiple options to add value through a brand new development or renovation.