NOT LISTED FOR SALE

Estimated Value: $957,000 - $1,355,000

12 Beds
6 Baths
4,400 Sq Ft
$267/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2025

Last sale price $1,810,000 $411 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $6,761 / mo

15 Days on Market

Highlights

  • 0.34 Acre Lot
  • Wall Furnace
  • 1-Story Property
  • Potrero Heights Elementary School Rated 10

About This Home

As of May 2025

We are proud to present 618-620 San Gabriel Blvd, a charming single-story 6-unit multifamily asset in the unincorporated City of Rosemead. The city of Rosemead is a suburban neighborhood in the San Gabriel Valley – located within LA County just 10-miles east of Downtown Los Angeles. Surrounding markets include the cities of San Gabriel, Monterey Park, Montebello, and Whittier. Within a +/- 20-mile drive from the property, tenants enjoy reasonable commutes DTLA, Hollywood Blvd, Dodger and SOFI Stadium, Crypto.com Arena, Intuit Dome, Disneyland in Orange County, and several beaches along the coast. More intimately, tenants enjoy being 1-block away from The Shops at Montebello – a +/- 759,000 SF Retail Center with over 120 national and local tenants. Tenants are also within a 5-miunte drive to several household favorites like Costco, Home Depot, Walmart, In- N-Out, McDonalds, Olive Garden, AMC Theatre, Top Golf, and many more options. The property is also walking distance to Don Bosco Technical Institute and several other grade school options. 618-620 San Gabriel Blvd is a 6-unit multifamily asset with +/- 4,400 SF of rentable building space. The opportunity consists of 2 parcels side-by-side, totaling over 14,900 SF of land and offering plenty of space for on-site parking. The property consists of 6 single-story, ground-level units all offering 2-bedroom/1-bathroom floorplans. Each unit enjoys an oversized private backyard and one of the units has an attached single-car garage. The units boast a healthy monthly rental average of $2,183 – solving to a favorable 6.07% CAP Rate and 10.82 GRM on current rents. Similar recently renovated units in the area average $2,400 per month giving a savvy investor the opportunity to capture the remaining upside through moderate renovations over time. Since the property is located within unincorporated boundaries of the city of Rosemead and subject to rent control, a new owner should recognize the value and benefit of strong in-place rents. Since the opportunity consists of two side-by-side triplex parcels, a new investor has the opportunity to capitalize on higher LTV options via favorable residential financing. 618-620 San Gabriel Blvd presents an excellent opportunity for all investor profiles and will prove to be a prosperous investment.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 04/07/2025

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 04/07/2025

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 14,905 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • 5271004039

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,400 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 3,2
  • Tax Tract Number 6077
  • Assessor Parcel Number 5271004040
  • $1,367 per year additional tax assessments

Community Details

Overview

  • 6 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $4,500
  • Maintenance Expense $4,500
  • Other Expense $1,200
  • Pest Control $720
  • Professional Management Expense $6,097
  • Trash Expense $915
  • Water Sewer Expense $6,269
  • New Taxes Expense $22,063
  • Operating Expense $48,484
  • Gross Income $157,140
  • Net Operating Income $103,222

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0.34 Acres

Parking

6

Listing Details

  • CapRate: 6.07
  • Professional Management Expense: 6097.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6269.00
  • Zoning: LCC2*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5271004040
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 411.36

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 915.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5271004039
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 14905.00
  • Lot Size Acres: 0.3422

Multi Family

  • Gross Income: 157140.00
  • Gross Multiplier: 10.82
  • Gross Operating Income: 152426.00
  • Gross Scheduled Income: 157140.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 14905.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 103222.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 49204.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 157140.00
  • Total Expenses: 48484.00

Tax Info

  • New Taxes Expense: 22063.00
  • Tax Census Tract: 482402
  • Tax Lot: 3,2
  • Tax Tract Number: 6077
  • TaxOtherAnnualAssessmentAmount: 1367.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2025
Closed on
Apr 29, 2025
Sold by
Bought by
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$1,700,000
Sold Price
$1,810,000
Premium/Discount to List
$110,000
6.47%
Views
9
Current Estimated Value
$1,173,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$636,333
Avg. Annual Appreciation
-28.90%

Purchase Details

Closed on
Aug 14, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,100
Interest Rate
7.76%

Purchase Details

Closed on
Aug 13, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South San Gabriel, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,810,000 First American Title Insurance
-- None Available
-- --
-- First American Title Co
-- --
-- Universal Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,030,000
Previous Owner $476,819
Previous Owner $400,200
Previous Owner $212,645
Previous Owner $238,000
Previous Owner $139,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/13/2025 05/13/25 Sold $1,810,000 0.0% $411 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/10/2025 04/10/25 Off Market $1,810,000 -- --
04/07/2025 04/07/25 For Sale $1,700,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,717 $199,801 $66,591 $133,210
2024 $3,486 $195,885 $65,286 $130,599
2023 $3,225 $192,045 $64,006 $128,039
2022 $3,126 $188,280 $62,751 $125,529
2021 $3,023 $184,589 $61,521 $123,068
2020 $3,002 $182,698 $60,891 $121,807
2019 $2,923 $179,117 $59,698 $119,419
2018 $2,888 $175,606 $58,528 $117,078
2016 $2,750 $168,789 $56,256 $112,533
2015 $2,610 $166,254 $55,411 $110,843
2014 $2,595 $162,998 $54,326 $108,672
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25075762

California Regional Multiple Listing Service (CRMLS)

APN: 5271-004-039

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