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Key Details
Sold Price $1,499,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,244 sqft
Price per Sqft $1,204
MLS Listing ID OC24096140
Sold Date 06/04/24
Style All Other Attached
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1942
Lot Size 0.602 Acres
Acres 0.6022
Property Description
Exceptional Development Opportunity in Rosemead 26,231 Sqft Land Parcel Seize the opportunity to own a substantial 26,231 square foot land parcel in the growing community of Rosemead. This property presents a fantastic prospect for builders and developers with approval already in place to construct 4 individual homes, each spanning 2,400 square feet. Nestled on the land is a unique offering: a swimming pool and a dilapidated house with 3 beds, 1 bath, and a living space of 1,244 square feet. While the house requires extensive renovation, the expansive land parcel and existing amenities present endless possibilities for development. Perfectly positioned for residential development, this land comes with the added benefit of no HOA fees, maximizing profitability and appeal in a highly desirable area. The seller has already secured the necessary permits to build, making this an even more attractive and ready-to-go investment opportunity. Take advantage of this exceptional development opportunity and transform this property into a lucrative investment.
Exceptional Development Opportunity in Rosemead 26,231 Sqft Land Parcel Seize the opportunity to own a substantial 26,231 square foot land parcel in the growing community of Rosemead. This property presents a fantastic prospect for builders and developers with approval already in place to construct 4 individual homes, each spanning 2,400 square feet. Nestled on the land is a unique offering: a swimming pool and a dilapidated house with 3 beds, 1 bath, and a living space of 1,244 square feet. While the house requires extensive renovation, the expansive land parcel and existing amenities present endless possibilities for development. Perfectly positioned for residential development, this land comes with the added benefit of no HOA fees, maximizing profitability and appeal in a highly desirable area. The seller has already secured the necessary permits to build, making this an even more attractive and ready-to-go investment opportunity. Take advantage of this exceptional development opportunity and transform this property into a lucrative investment.
Location
State CA
County Los Angeles
Area Rosemead (91770)
Zoning RMR1*
Exterior
Pool Private
Building
Lot Description Sidewalks
Story 1
Sewer Public Sewer
Water Private
Level or Stories 1 Story
Others
Acceptable Financing Cash, Exchange, Cash To New Loan
Listing Terms Cash, Exchange, Cash To New Loan
Special Listing Condition Standard
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Bought with Lily Nguyen • Berkshire Hathaway HomeService
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Chris & Courtney Cameron
Agent | Office DRE #02021421 | 01766250
Agent Office DRE #02021421 | 01766250