NOT LISTED FOR SALE

8471 Wells St Rosemead, CA 91770

11 Beds
6 Baths
5,423 Sq Ft
0.76 Acres Lot

Sale Details

Date Sold: April 11, 2025

Last sale price $2,300,000 $424 Per Sq Ft

52 Days on Market

Highlights

  • 0.76 Acre Lot
  • 11 Car Garage
  • 1-Story Property
  • Emma W. Shuey Elementary School Rated A-

About This Home

As of April 2025

Discover this 6-unit collection of single-story, cottage-style detached homes in North Rosemead. Owned by the same family since 2007, this property spans an expansive 33,191 square foot lot with approximate dimensions of 380 feet by 86 feet. The attractive unit mix features primarily 2-bedroom homes, each offering private patios and garage parking. With a strong value-add potential, the property presents a realistic rental upside of approximately 18% in a high-demand rental market. Additional advantages include low owner expenses and separate water heaters for each unit. Conveniently located just a short distance from Valley Boulevard's shops and restaurants and adjacent to San Gabriel. Subject only to California's statewide AB1482 rent control (currently capped at 8.9% annually). See notes for further details.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 12/09/2024

Last Buyer's Agent

Crystal Zheng

KW Executive License #01773176

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 33,191 Sq Ft Lot
  • Lot Dimensions are 86 x 380

Parking

  • 11 Car Garage

Interior Spaces

  • 5,423 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Listing and Financial Details

  • Assessor Parcel Number 5372-015-033

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • Vacancy Allowance $5,165

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.76 Acres

Parking

11

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5423
  • Lot Acreage: 0.7620
  • Lot Dimensions: 86 x 380
  • Stories: 1
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 470.22

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 11
  • Parking Garage: Garage
  • Total Parking: 11

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 27.27
  • Assessed Improvement Value: 568126
  • Assessed Land Percent: 72.73
  • Assessed Land Value: 1515011
  • Total Assessed Value: 2083137
  • Assessor Parcel Number: 5372-015-033
  • Lot Size Area: 33191

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 14.81
  • Number Of Units: 6
  • Type Of Units: Single Story
  • Vacancy Allow: 5165
  • Vacancy Allow Percent: 3.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2025 04/11/25 Sold $2,300,000 -9.8% $424 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
12/09/2024 12/09/24 For Sale $2,550,000 -- $470 / Sq Ft
Source: The MLS

Tax History

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 $26,871 $2,167,294 $1,576,217 $591,077
2024 $26,871 $2,124,799 $1,545,311 $579,488
2023 $27,019 $2,083,137 $1,515,011 $568,126
2022 $26,103 $2,042,292 $1,485,305 $556,987
2021 $25,832 $2,002,248 $1,456,182 $546,066
2020 $25,298 $1,981,718 $1,441,251 $540,467
2019 $25,154 $1,920,000 $1,728,000 $192,000
2018 $23,081 $1,800,000 $1,631,900 $168,100
2016 $21,033 $1,653,000 $1,498,600 $154,400
2015 $21,381 $1,653,000 $1,498,600 $154,400
2014 $17,824 $1,361,000 $1,233,900 $127,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-469985

The MLS
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