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    2718 Muscatel Avenue

    Rosemead, CA 91770
    • $649,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: SR20138242
    UPDATED: 6 min ago
    $649,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,700
      SQFT
    • $240
      $/SQFT
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    Lowest price and best value in desirable Rosemead. Exceptional Opportunity: centrally-located, on quiet street, close to good amenities in the San Gabriel Valley. Three non-conforming units (front: 4 bdrms, 2 bths; converted detached garage: 1+1; rear: 3+1). The newer rear unit and the garage conversion do not appear in the tax assessor's sqft of 932 but have been in existence for an extended period of time. Stable multi-year tenants now on month-to-month. Gross yearly income is $43,800 w/ minimal expenses. Tenants pay for all utilities, owner for property taxes and insurance only. Optimal 5.22% cap rate, 15.50 gross multiplier. Ample lot size of 6773 sqft. Property to be sold "as is" in its present condition, with no guarantee and retrofitting, subject to buyers' inspections. Interior inspection only after acceptance of fully-documented offer, with current proof of funds, FICO scores, and prequalification. Sellers may carry for 36 months with 50% down, subject to acceptable credit and proof of income. Compare, drive by and submit offer: amazing value, great bread and butter investment!

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    Based on information from CRISNet MLS as of 2020-08-03T21:56:25.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-08-03T21:56:25.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107835368
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    2718 Muscatel Avenue Rosemead, CA 91770

    • Price: $649,000
    • Status: Active
    • Updated: 6 min ago
    • ID#: SR20138242
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,700
    SQFT
    $240
    $/SQFT
    1938
    Built
    Neighborhood:
    651 - Rosemead/S. San Gabriel
    County:
    Los Angeles
    Area:
    651 - Rosemead/S. San Gabriel
    Property Description
    Lowest price and best value in desirable Rosemead. Exceptional Opportunity: centrally-located, on quiet street, close to good amenities in the San Gabriel Valley. Three non-conforming units (front: 4 bdrms, 2 bths; converted detached garage: 1+1; rear: 3+1). The newer rear unit and the garage conversion do not appear in the tax assessor's sqft of 932 but have been in existence for an extended period of time. Stable multi-year tenants now on month-to-month. Gross yearly income is $43,800 w/ minimal expenses. Tenants pay for all utilities, owner for property taxes and insurance only. Optimal 5.22% cap rate, 15.50 gross multiplier. Ample lot size of 6773 sqft. Property to be sold "as is" in its present condition, with no guarantee and retrofitting, subject to buyers' inspections. Interior inspection only after acceptance of fully-documented offer, with current proof of funds, FICO scores, and prequalification. Sellers may carry for 36 months with 50% down, subject to acceptable credit and proof of income. Compare, drive by and submit offer: amazing value, great bread and butter investment!
    Exterior Features

    Architectural Style Ranch Carport Spaces 4.00 Construction Materials AsphaltStucco Fence YN Yes Fencing Wrought Iron Levels One Lot Features 2-5 Units/AcreNear Public TransitNo Landscaping Lot Size Area 6773.0000 Number Of Rented Garages 1 Other Structures Two On A Lot Parking Features Converted GarageDrivewayStreet Parking Total 5.00 Road Frontage Type City Street Road Surface Type Paved Roof Composition View Trees/Woods View YN Yes

    Interior Features

    Appliances Gas Cooktop Appliances YN Yes Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring See Remarks Heating Floor Furnace Heating YN Yes Interior Features Storage Laundry Features Gas Dryer HookupWasher Hookup Laundry YN Yes Room Type Library

    Property Features

    Accessibility Features See Remarks Additional Parcels YN No Community Features SidewalksSuburban Electric Standard Electric Expense 0.00 Exclusions All Of Tenants' Personal Property Fuel Expense 0.00 Gross Income 43800.00 Gross Multiplier 15.22 Gross Scheduled Income 43800.00 Insurance Expense 1293.00 Land Lease YN No Net Operating Income 35460.00 New Construction YN No New Taxes Expense 7047.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 8340.00 Pool Features None Pool Private YN No Property Attached YN No Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other Three Units W/ 3 Different Tenants Tenant Pays All Utilities Total Expenses 8340.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Rmr2

    Listing provided courtesy of Mai Matthesen, CA DRE# 01040625, of Re/Max One.


    Based on information from CRISNet MLS as of 2020-08-03T21:56:25.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-08-03T21:56:25.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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