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7229 Tegner Drive, Rosemead, California 91770, Rosemead, 91770 - 3 bed, 2 bath

7229 Tegner Drive, Rosemead, California 91770 home-pic-0
ACTIVE$1,190,000
7229 Tegner Drive, Rosemead, California 91770
3Beds
2Baths
1,200Sqft
21,259Lot
Year Built
1940
Close
-
List price
$1.19M
Original List price
$119K
Price/Sqft
$992
HOA
-
Days on market
-
Sold On
-
MLS number
TR25088897
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.19M(39th), sqft - 1200(11th), beds - 3(56th), baths - 2(56th).

view view view ! entire valley 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. the whole lots could built 2 main houses and two ADUs, and two J-ADUS

Condition Rating
Excellent
Despite being built in 1940, the property has undergone extensive and high-quality renovations, particularly evident in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplash. Bathrooms are updated with contemporary vanities, fixtures, and subway-tiled showers. Flooring throughout includes modern tile and hardwood/laminate, with no visible carpets. Lighting consists of recessed and modern fixtures. Mini-split AC units indicate updated cooling/heating systems. All visible components appear new or virtually new, meeting current quality standards, making it move-in ready with no immediate renovation required.
Pros & Cons

Pros

Panoramic Views: The property offers expansive valley, city lights, and mountain views, significantly enhancing its desirability and potential value.
Exceptional Development Potential: The generous 21,252 sqft lot allows for substantial expansion, including the potential to build two main houses, two ADUs, and two J-ADUs, offering significant upside for investors or developers.
Income-Generating Asset: Currently configured with two units and an additional non-conforming unit, the property presents immediate income potential and flexibility for various investment strategies.
Oversized Lot: A substantial 21,252 sqft lot provides ample space for current use, future development, privacy, and outdoor amenities.
Strategic Location: Situated in a desirable residential neighborhood with excellent access to freeways and public transportation, ensuring convenience for residents and attractiveness for tenants.

Cons

Non-Conforming Unit: The presence of an 'additional non-conforming unit' indicates potential legal or permitting challenges that may require rectification, incurring additional costs and effort.
Age of Construction: Built in 1940, the property is likely to require significant renovations, system upgrades, and general maintenance to meet modern standards and appeal.
Limited Existing Living Area: With only 1200 sqft of existing living space across multiple units, the current structures may feel cramped or outdated, necessitating substantial investment for modernization or expansion to fully capitalize on the large lot and development potential.

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