9643 Lorica Street, Rosemead, California 91770, Rosemead, 91770 - bed, bath

9643 Lorica Street, Rosemead, California 91770 home-pic-0
ACTIVE UNDER CONTRACT$1,295,000$2,365/sqft
9643 Lorica Street, Rosemead, California 91770
0Bed
0Bath
2,365Sqft
5,422Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Investment: A rare quadruplex offering with four distinct units, providing diversified income streams and significant investment potential in a high-demand area.
Top Cons:
Age of Property: Built in 1951, the property's age may imply potential for deferred maintenance, outdated infrastructure, or the need for significant capital expenditures on systems (e.g., plumbing, electrical) not explicitly mentioned as updated across all units.

Compared to the nearby listings

Price:$1.29M vs avg $1.24M (+$55,000)56%
Size:2,365 sqft vs avg 2,141.5 sqft56%
Price/sqft:$548 vs avg $55644%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this multi-unit property shows significant signs of age and requires substantial rehabilitation. While one bathroom has been remodeled, the main kitchen and another bathroom are very dated with original-style cabinets, laminate countertops, and older appliances. Flooring consists of dated ceramic tiles and worn carpets. The presence of a window AC unit suggests a lack of central HVAC, which is a major comfort and system deficiency. The overall condition, particularly in key areas like the kitchen and one bathroom, indicates a need for considerable investment to meet modern living standards and appeal.
Year Built
1951
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
PW25257010
Home ConditionPoor
Features
Patio
View-

About this home

CALLING ALL INVESTORS!!! This is the kind of opportunity that rarely hits the market in Rosemead. A true investor’s dream a four-unit property on a highly desirable corner lot with two vacant units ready for immediate use, expansion, or strong rental income. The size, the layout, the location, and the potential make this one of the most appealing multi-unit offerings you will find in the area. The front unit is a remarkably large two-bedroom, one-bath home offering approximately 1,410 square feet of living space. It features its own laundry area, an oversized living room, a beautiful fireplace, and huge windows that pour natural light into every corner. The layout is spacious, creating an incredible opportunity for an owner-user or a premium rental. Two additional units include a two-bedroom, one-bath with an attached garage and a one-bedroom, one-bath, both currently occupied and providing immediate stable income. The final unit is a vacant studio or one-bedroom with a remodeled and upgraded bathroom, offering clean, bright, move-in-ready potential for instant rental income or extended family use. Each unit also has its own individual address, offering added convenience and privacy for tenants or extended family. The lot itself is one of the property’s strongest features. A gated corner lot with a six-car parking area, plenty of open space, and a sense of privacy that is hard to find. The configuration offers easy access and excellent parking for tenants and visitors. Located just minutes from major freeways, shopping centers, dining, and about twenty minutes from Downtown Los Angeles, this property sits in one of Rosemead’s most high-demand pockets. Everything about it points to long-term value, steady demand, and multiple pathways to increase returns. An incredibly rare chance to own four units with immediate upside, prime location, and endless potential in one of the most desirable areas of the San Gabriel Valley. Don’t miss this rare opportunity. Schedule your private showing and see why this is one of Rosemead’s best investment properties.

D
Donna Landaverde
Listing Agent
Condition Rating
Poor

Built in 1951, this multi-unit property shows significant signs of age and requires substantial rehabilitation. While one bathroom has been remodeled, the main kitchen and another bathroom are very dated with original-style cabinets, laminate countertops, and older appliances. Flooring consists of dated ceramic tiles and worn carpets. The presence of a window AC unit suggests a lack of central HVAC, which is a major comfort and system deficiency. The overall condition, particularly in key areas like the kitchen and one bathroom, indicates a need for considerable investment to meet modern living standards and appeal.
Pros & Cons

Pros

Multi-Unit Investment: A rare quadruplex offering with four distinct units, providing diversified income streams and significant investment potential in a high-demand area.
Immediate Income & Vacancy: Two units are currently occupied, ensuring stable immediate income, while two vacant units offer flexibility for owner-occupancy, immediate rental, or further expansion.
Prime Location: Strategically located in a desirable Rosemead pocket, minutes from major freeways, shopping, dining, and approximately twenty minutes from Downtown Los Angeles.
Corner Lot & Ample Parking: Features a highly desirable gated corner lot with a six-car parking area, providing excellent access, privacy, and convenience for tenants and visitors.
Owner-User & Expansion Potential: The large front unit is ideal for an owner-user, and the vacant units, including one with a remodeled bathroom, offer clear pathways for increased returns or extended family use.

Cons

Age of Property: Built in 1951, the property's age may imply potential for deferred maintenance, outdated infrastructure, or the need for significant capital expenditures on systems (e.g., plumbing, electrical) not explicitly mentioned as updated across all units.
Limited Renovation Details: While one vacant unit has a remodeled bathroom, the description lacks comprehensive details on the renovation status and condition of all units, particularly the occupied ones, which could lead to unforeseen upgrade costs.
No Mention of HVAC: The property description does not specify the presence or condition of heating, ventilation, and air conditioning (HVAC) systems for all units, which could be a significant factor for tenant comfort and future operational expenses in the California climate.
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