9620 Lorica Street, Rosemead, California 91770, Rosemead, 91770 - bed, bath

ACTIVE$890,000
9620 Lorica Street, Rosemead, California 91770
0Bed
0Bath
1,241Sqft
5,847Lot
Year Built
1949
Close
-
List price
$890K
Original List price
$890K
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
AR24243078
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $890.0K(12th), sqft - 1241(12th), beds - undefined(50th), baths - undefined(50th).
Two houses on a lot to be sold concurrently with the adjacent lot at 9614 Lorica Street. Zoning is C3MUDO. Buyer and agent to verify usage with the City of Rosemead.
Price History
Date
Event
Price
12/16/24
Listing
$890,000
Condition Rating
Poor
The property was built in 1949, making it 75 years old. There is no mention of any significant renovations in the listing description, and the single exterior image provided shows an aged structure with visible wear, overgrown foliage, and a general lack of modern updates or meticulous maintenance. Without interior photos, it's impossible to assess the kitchen, bathrooms, flooring, or appliances directly, but given the age and lack of renovation history, it is highly probable that these areas, along with major systems (electrical, plumbing, HVAC), are severely outdated and would require substantial repairs and rehabilitation to meet current standards for safety and comfort. The property likely falls into the 'poor' category, requiring significant investment beyond minor updates.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate houses on one lot, providing immediate rental income potential or flexible multi-generational living options.
Flexible C3MUDO Zoning: Zoned as Commercial Mixed-Use Overlay District (C3MUDO), this offers significant development flexibility and potential for various commercial or residential uses, enhancing future value.
Adjacent Lot for Expanded Potential: Being sold concurrently with an adjacent lot provides an opportunity for a larger combined parcel, significantly enhancing development or investment scope.
Strategic Rosemead Location: Situated in Rosemead, a desirable and established San Gabriel Valley city, offering convenient access to amenities and a strong community.
Substantial Lot Size: A 5847 sqft lot (potentially larger with the adjacent parcel) offers ample space for current use, potential expansion, or future redevelopment.
Cons
Age of Property & Required Updates: Built in 1949, the property likely requires substantial investment for system upgrades, modernization, and potential deferred maintenance.
Zoning Usage Verification Required: The explicit need for buyers to verify usage with the City of Rosemead suggests potential complexities or limitations in development plans, requiring thorough due diligence.
Concurrent Sale Requirement: The necessity to purchase both parcels concurrently may complicate financing and potentially narrow the pool of interested buyers.