
Rosemead, California 91770
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well above the $612,473 Fair Market Value by 14%. Featuring county-approved plans for a 1,491 SF main house and 1,179 SF ADU, this development-ready asset eliminates significant permitting delays. Despite a Condition Rating of 6, the project offers high-income potential through a 7-bedroom, 5-bathroom configuration. With scenic Mountain Views, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a shovel-ready project in the Rosemead school district.
Property is land value only, full reconstruction required.
The property was built in 1947 (77 years old) and the listing is marketed primarily as a development opportunity with approved plans for a new 1,491 SF main house and ADU. Despite minor cosmetic updates like flooring and paint, the structure is functionally obsolete for the lot, and the value lies in the land and 'ready to build' project status.
The property includes county-approved plans for a 1,491 SF main house and an 1,179 SF ADU, saving the buyer significant time, architectural fees, and permitting headaches.
The dual-unit configuration (totaling 7 bedrooms and 5 bathrooms once built) offers a versatile investment for rental income or a multi-generational family compound.
The property features scenic mountain views, providing an aesthetic advantage that enhances the future resale value and living experience of the new construction.
While plans are approved, the current 720 SF structure is likely a tear-down, requiring the buyer to have significant liquid capital or construction financing to complete the project.
Fitting nearly 2,700 SF of living space plus a garage on a 5,385 SF lot will result in high lot coverage, leaving minimal yard space for the residents.
EXCELLENT INVESTMENT OPPORTUNITY & IDEAL FOR A LARGE FAMILY! This property comes with approved plans for a 1,491 SF main house featuring 4 bedrooms and 3 bathrooms, plus a 380 SF two-car garage. The county has also approved an 1,179 SF ADU with 3 bedrooms and 2 bathrooms. No need to wait — the project is ready to build, saving you valuable time and money. After construction, you can live in one unit and rent out the other for additional income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 28% |
| Square foot | 720 | 1,330.5 | 7% |
| Lot Size | 5,385 | 6,665 | 13% |
| Price | $699.0K | $884.5K | 7% |
| Price per sq ft | $971 | $655 | 89% |
| Built year | 1947 | 1950 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 140 | 6% |
Jun 3, 2026
$699,000
Initial Listing
Feb 19, 2009
$240,000
Public Record
Sep 11, 2007
$375,000
Public Record