7815 Steddom Drive, Rosemead, California 91770, Rosemead, 91770 - 4 bed, 2 bath

7815 Steddom Drive, Rosemead, California 91770 home-pic-0
ACTIVE$1,200,000
7815 Steddom Drive, Rosemead, California 91770
4Beds
2Baths
1,926Sqft
21,737Lot
Year Built
1924
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$623
HOA
-
Days on market
-
Sold On
-
MLS number
WS25181952
Home ConditionTear down
Features
Good View:
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(87th), sqft - 1926(79th), beds - 4(73th), baths - 2(50th).

*** Investor Alert- Lot 21,737 Sq/ft of Prime area. Near new homes. Rare to find in the heart of Rosemead City, Possibilities for development, expansion, or long-term investment also perfect for Temple, can park more than 25 cars space in a lot. It has 3 drive ways that you can entry to a property. One entry on Potrero Grande can park 18+ cars and another 2 drive way on Steddom Dr. can park 8+ cars. Currently has 4 bedrooms and 2 bathrooms, 1926 Sq/ft renting at $2,000.00 per month. This lot can split to 3-4 lots single homes or you can built Multiple townhouse complex. Buyers to do due diligence and verify the Accuracy of all Information Including Zoning, Square Footage, Permit etc.. and seller agents make no guarantees. Please drive by only.

Price History

Date
Event
Price
08/12/25
Listing
$1,200,000
Condition Rating
Tear down

The property was built in 1924, making it 100 years old. The listing description heavily emphasizes the large lot size and its development potential (splitting into multiple lots or building townhouses), explicitly stating 'the property's value is based solely on the land and its potential for redevelopment.' The instruction 'Please drive by only' and the complete absence of interior photos strongly suggest the existing structure is in very poor, likely unlivable, condition with significant deferred maintenance. The low rental income ($2,000/month for a 4-bed, 2-bath in Rosemead) further supports the idea that the house itself has minimal value and is not in a desirable or well-maintained state. The exterior images show an aged structure with visible signs of disrepair and neglect. All these factors indicate the house is beyond practical repair for residential use and is considered a tear-down for redevelopment.
Pros & Cons

Pros

Significant Development Potential: The expansive 21,737 sq/ft lot offers exceptional development opportunities, explicitly allowing for subdivision into 3-4 single-family lots or a multi-townhouse complex, presenting substantial investment upside.
Prime & Rare Location: Located in the 'heart of Rosemead City' and described as 'rare to find,' this property benefits from a highly desirable and appreciating area, situated near new home developments.
Extensive Parking & Multiple Access: A unique asset, the property boasts three driveways and parking capacity for over 25 vehicles, providing superior utility for various uses, including potential commercial or institutional applications.
Versatile Use Case: Beyond traditional residential development, the property is highlighted as 'perfect for Temple,' underscoring its adaptability for institutional or commercial purposes due to its size and access.
Large Lot Size: The substantial 21,737 sq/ft lot is a rare commodity in an urban setting, offering ample space for significant development, expansion, or the creation of a large private estate.

Cons

Limited Access & Implied Poor Condition: The 'Please drive by only' instruction strongly indicates the interior is not accessible or in severe disrepair, suggesting the property requires extensive renovation or is a tear-down candidate.
Sub-Market Rental Income: The current rental income of $2,000/month for a 4-bed, 2-bath property is significantly below market rates for the area, implying the existing structure is in poor condition and not a viable income-producing asset as-is.
Age & Required Capital Investment: Built in 1924, the property's age, combined with its implied condition, indicates a substantial capital investment will be necessary for modernization, structural repairs, or complete redevelopment.

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