3427 Bartlett Avenue, Rosemead, CA 91770
Triplex
Sold September 2023
Listing Agent: Martin Laufer (DRE #00997853) · Listing Office: RE/MAX One · Contact: 818-366-3300 · Bought with: ANDY AN DUC HUYNH · Pinnacle Real Estate Group · MLS #SR23152393 · Source: CRMLS
About this triplex
This triplex property is on the market for the first time since 1951 (72 years). It has been family owned and occupied most of that time. The main house has 3 bedroom and 2 bathrooms, and it has an attached 2 car garage. The front 2 units are 1 bedroom, 1 bathroom units of 560 square feet according to the tax rolls. There is room to build behind the front 2 units. There is deferred maintenance that may prevent getting a loan on the property. The current condition of the property is much as it was fifty years ago. There is a great deal of upside to this property due to the potential to enlarge the front two units and upgrade the rear house. There is no current rental information for the subject so the buyer should do market research for what they can expect in rents from the subject after they prepare the property for occupancy if that is their plan. This is a trust sale by a successor trustee. The successor trustee has not lived in the property in decades and the full financial information has not been provided, so operating expenses are an unknown, as are the pro forma rents for the 3 units. The property directly behind the subject is currently adding a 2 story unit at the rear of their lot. The successor trustee is still researching the electric and water amounts which will be added to this listing as soon as they are available.
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history