Property Detail

Description

Read the description carefully. This is a development deal. Fully Entitled 4-Unit Development Site in Prime Rosemead – Shovel-Ready in 2 Months. The original ±20,644 SF lot has been subdivided into two parcels, each ±10,322 SF. - 3045 Sullivan Ave includes an existing 2B/1B single-story home (±666 SF), currently rented for $2,050/month. Property can be delivered vacant. - 3047 Sullivan Ave includes an existing 4B/3B single-story home (±1,832 SF), currently occupied by the owner’s relative, and can also be delivered vacant. Each parcel is fully entitled and approved for four new units — two spacious 4-bedroom main residences (±2,107 SF each) and two detached 3-bedroom ADUs (±1,200 SF each). Final construction drawings are in the last stage of plan check, and the property can be delivered shovel-ready in approximately 2 months with payment of remaining permit and impact fees. Located just minutes from GW Supermarket, Costco, golf courses, and only 15 minutes from Downtown Los Angeles, this site is ideally positioned for high rental demand and long-term appreciation. Upon construction completion, the entire 4-unit property can qualify for residential 30-year fixed-rate financing, offering buyers favorable long-term loan options not available for most multi-unit developments. Adjacent Opportunity: The identical neighboring parcel provides the option to acquire both lots together, allowing development of eight total units (4 main residences + 4 detached ADUs) across ±20,644 SF of land. New small-scale multi-unit projects are extremely rare in this supply-constrained market — this is the only new 4-plex development currently for sale in the area.