1026 Walnut Grove Ave - Multi-Family FOR SALE


Rosemead, CA 91770- Garvey
$1,350,000 USD
626-552-1028
1026 Walnut Grove Ave, Rosemead, CA for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/7
null | 3.33% Cap Rate

1026 Walnut Grove Ave
Rosemead, CA 91770
Garvey


OVERVIEW

Rare Investment Opportunity in Prime Rosemead – Two Existing Units with City-Approved Plans for 4 Units development with architectural drawings, tailored for serious buyers, investors, and developers: Presenting an exceptional development opportunity on a generous 111,90 sq.ft. lot in the heart of Rosemead. This unique property includes two existing detached structures and comes with full city approval to build up to four residential units—complete with architectural drawings. The front residence features approximately 1,469 sq.ft. of living space, including 4 bedrooms and 4 bathrooms, a formal living room, open kitchen, dining area, and a spacious family room with fireplace. A one-car attached garage adds convenience. The home was updated approximately two years ago with new flooring and fresh interior/exterior paint. The rear unit, approximately 600 sq.ft., includes 1 bedroom and 1 bathroom. It is currently permitted as a workshop, with strong potential for conversion to a legal ADU, or integration into the approved development plan. Key Highlights: • Total living space: approx. 2,069 sq.ft. • Lot size: 111,90 sq.ft. • City-approved plans for 4-unit development included • Architectural drawings convey with sale • Existing structures: 4 bed / 4 bath front house + 1 bed / 1 bath rear unit • Renovated in recent years (flooring, paint) • Offered in as-is condition Whether you're seeking a move-in-ready income property with expansion potential or a development-ready site with entitlements already in place, this offering delivers significant value and upside. A premier opportunity for builders, investors, and visionaries in one of San Gabriel Valley's most desirable locations.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$860 USD /SF

# OF UNITS

2

PRICE/UNIT

$675,000

CAP RATE

3.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5281-032-039

ASK ABOUT THIS PROPERTY

Aldon LaiColdwell Banker Commercial George RealtyMore Info
626-552-1028

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Aldon LaiColdwell Banker Commercial George RealtyMore Info
626-552-1028

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.