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Listed by Timothy Chen • Real Broker
$1,500,000
Est. payment /mo
10,332 Sqft Lot
Active
3047 Sullivan AVE Rosemead, CA 91770
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25182369
Year Built 1953
Lot Size 10,332 Sqft
Source California Regional MLS
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 dev
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Interior
Laundry In Garage
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 8595010009
Special Listing Condition Not Applicable
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