3211 Rosemead Place, Rosemead, California 91770, Rosemead, 91770 - bed, bath
ACTIVE$1,880,000
3211 Rosemead Place, Rosemead, California 91770
0Bed
0Bath
2,699Sqft
16,284Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Redevelopment Potential: The property boasts a large, flat 16,284 sqft lot with approximately 80 feet of frontage, offering significant redevelopment opportunities subject to city approval.
Top Cons:
Advanced Age of Construction: Built in 1934, the property is significantly aged, likely requiring substantial updates to systems, infrastructure, and aesthetics.
Compared to the nearby listings
Price:$1.88M vs avg $1.29M (+$590,000)94%
Size:2,699 sqft vs avg 2,141.5 sqft72%
Price/sqft:$697 vs avg $55878%
More Insights
Built in 1934 (91 years old).
Condition: Built in 1934, this property is significantly aged. The images reveal extremely outdated conditions in the kitchen and bathrooms, featuring old cabinets, worn laminate countertops, dated fixtures, and small, square tiles. Carpets appear worn, and the overall aesthetic suggests that any renovations were likely done 30-50+ years ago, if at all. The property description and AI analysis explicitly mention 'advanced age' and a 'probable need for extensive renovation,' indicating that major systems and aesthetics require substantial repairs and rehabilitation to meet current standards. While not explicitly stated as unsafe, the property is certainly very uncomfortable and functionally obsolete in its current state, requiring significant investment.
Year Built
1934
Close
-
List price
$1.88M
Original List price
$1.88M
Price/Sqft
$697
HOA
-
Days on market
-
Sold On
-
MLS number
AR25070501
Home ConditionPoor
Features
View-
About this home
Opportunity knocks ! LARGE lot size boasting over 16,000 square feet of flat land. The lot dimensions are extremely favorable for redevelopment with approximately 80 feet of frontage. 3 separate dwelling units that do not share any common walls. The south driveway is for the front unit, and the north driveway leads to the middle and back units. All 3 units have covered parking available and all 3 units have some yard space. The property can be an owner-user, a rental/investment property, or a redevelopment opportunity. The buyer to check with the city for redevelopment potential. A tremendous amount of upside awaits the savvy buyer.
Condition Rating
Poor
Built in 1934, this property is significantly aged. The images reveal extremely outdated conditions in the kitchen and bathrooms, featuring old cabinets, worn laminate countertops, dated fixtures, and small, square tiles. Carpets appear worn, and the overall aesthetic suggests that any renovations were likely done 30-50+ years ago, if at all. The property description and AI analysis explicitly mention 'advanced age' and a 'probable need for extensive renovation,' indicating that major systems and aesthetics require substantial repairs and rehabilitation to meet current standards. While not explicitly stated as unsafe, the property is certainly very uncomfortable and functionally obsolete in its current state, requiring significant investment.
Pros & Cons
Pros
Exceptional Redevelopment Potential: The property boasts a large, flat 16,284 sqft lot with approximately 80 feet of frontage, offering significant redevelopment opportunities subject to city approval.
Income-Generating Triplex: Comprising three separate dwelling units, the property provides immediate rental income potential or an owner-user scenario with supplemental income.
Independent Units with Privacy: Each of the three units is separate and does not share common walls, enhancing tenant privacy and desirability.
Ample Parking and Private Yard Space: All three units benefit from covered parking and individual yard spaces, which are desirable amenities for residents.
Versatile Investment Opportunity: The property caters to owner-users, investors seeking rental income, or developers looking for a significant project, offering diverse upside potential.
Cons
Advanced Age of Construction: Built in 1934, the property is significantly aged, likely requiring substantial updates to systems, infrastructure, and aesthetics.
Redevelopment Uncertainty: While promising, the redevelopment potential is subject to buyer's due diligence and city approval, introducing an element of risk and additional effort.
Probable Need for Extensive Renovation: Given its age and the 'opportunity knocks' phrasing, the units likely require considerable renovation and modernization to maximize value and tenant appeal.