7229 Tegner Drive, Rosemead, California 91770, Rosemead, 91770 - bed, bath
ACTIVE$1,190,000
7229 Tegner Drive, Rosemead, California 91770
0Bed
0Bath
1,200Sqft
21,259Lot
Year Built
1940
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$992
HOA
-
Days on market
-
Sold On
-
MLS number
TR25068464
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.19M(35th), sqft - 1200(12th), beds - undefined(50th), baths - undefined(50th).
view view view ! Don't miss out on this great opportunity to own this fantastic property with tons of possibilities! . Conveniently located in a great residential neighborhood with quick access to freeways and public transportation. For any investor, the property's great location and large lot (approximately 21,252 sqft) allow for an excellent opportunity to capture the incredible upside potential of the deal. The profile shows 2 units (2+1, 1+1) but there is an additional non-conforming unit in the back . This could be a great income-generating property either as a residence or an investment.
Condition Rating
Poor
Built in 1940, this property shows significant signs of age and a complete lack of modern updates. All three kitchens and bathrooms are extremely outdated with old cabinets, laminate countertops, worn linoleum/tile, and ancient fixtures, requiring full renovation. The hardwood floors are worn, and light fixtures are basic. The property analysis explicitly notes the need for 'significant capital expenditure for updates, repairs, and maintenance of older systems and structures,' indicating substantial rehabilitation is required to bring it to modern living standards. While not a tear-down, it is very uncomfortable and likely has safety concerns due to outdated systems.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features two conforming units (2+1, 1+1) plus an additional non-conforming unit, offering significant income generation opportunities for investors or owner-occupants.
Expansive Lot Size: A generous lot of approximately 21,252 sqft provides ample space for potential expansion, landscaping, or future development.
Strategic Location: Situated in a desirable residential neighborhood with excellent access to freeways and public transportation, enhancing convenience and appeal.
Desirable Views: The listing prominently highlights 'view view view!', indicating a valuable aesthetic amenity that can attract buyers and tenants.
Investment Upside: The large lot and multi-unit configuration present substantial upside potential for value appreciation and increased rental income.
Cons
Non-Conforming Unit Risk: The presence of an 'additional non-conforming unit' poses potential legal, permitting, and financial risks for the buyer.
Property Age & Maintenance: Built in 1940, the property is likely to require significant capital expenditure for updates, repairs, and maintenance of older systems and structures.
Potential Sqft Discrepancy: The listed 1200 sqft for three units (2+1, 1+1, plus non-conforming) suggests potentially very small living spaces or an inaccurate square footage, which could deter tenants or buyers seeking more spacious accommodations.