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2117 Pine Street, Rosemead, California 91770, Rosemead, 91770 - bed, bath

2117 Pine Street, Rosemead, California 91770 home-pic-0
ACTIVE$899,000
2117 Pine Street, Rosemead, California 91770
0Bed
0Bath
2,013Sqft
7,773Lot
Year Built
1947
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
AR25120026
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(12th), sqft - 2013(47th), beds - undefined(50th), baths - undefined(50th).

GREAT LOCATION! This property is located in a highly sought-after neighborhood. Easy access to 10 and 60 freeways. This TRIPLEX offers a rare opportunity for investors, builders, or buyers looking to renovate or rebuild. It is ideal for an extended family or income property! The property features a front unit with 3 bedrooms and 1 bathroom. In the rear, you'll find a 1 bedroom, 1 bathroom unit and a converted garage with 1 bedroom, 1 bathroom, both occupied by long-term tenants. This is a true fixer-upper, perfect for those looking to add value through updates or create a custom dream home. Each unit is separately metered for gas, electricity, and water, providing flexibility and ease for future development or income potential. Convenient Location near supermarkets, restaurant, and shopping.

Price History

Date
Event
Price
06/02/25
Listing
$899,000
Condition Rating
Poor
The property, built in 1947, is explicitly marketed as a 'true fixer-upper' and an opportunity for buyers to 'renovate or rebuild.' This indicates a need for substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. The exterior images show an aged structure with visible wear and lack of recent maintenance. While occupied by tenants, the listing's language strongly suggests the interior, including kitchen and bathrooms, is severely outdated and requires a complete overhaul, consistent with a property of this age with no apparent major renovations.
Pros & Cons

Pros

Income Potential & Multi-Unit Configuration: This triplex offers a rare opportunity for investors or extended families, featuring three distinct units (3-bed, 1-bath; 1-bed, 1-bath; converted garage 1-bed, 1-bath) with existing long-term tenants, providing immediate rental income.
Strategic Location & Accessibility: Located in a highly sought-after Rosemead neighborhood, the property boasts easy access to the 10 and 60 freeways, along with convenient proximity to supermarkets, restaurants, and shopping.
Significant Value-Add Opportunity: Described as a 'true fixer-upper,' this property is ideal for investors, builders, or buyers looking to add substantial value through renovation, modernization, or a complete rebuild, allowing for significant equity growth.
Independent Utility Metering: Each unit is separately metered for gas, electricity, and water, which simplifies utility management and billing for landlords, enhancing the property's appeal as an income-generating asset.
Generous Lot Size: With a substantial lot size of 7,773 sqft, there is ample space for potential expansion, additional development (subject to zoning), or creating desirable outdoor living areas, adding to its long-term value.

Cons

Extensive Renovation Required: The property is explicitly marketed as a 'true fixer-upper,' indicating it is in an 'as-is' condition and will require significant capital investment for comprehensive updates, repairs, or a complete rebuild to maximize its potential.
Age of Construction: Built in 1947, the property is an older structure, which likely means original systems (plumbing, electrical, HVAC) and finishes are outdated, necessitating costly upgrades to meet modern standards and buyer expectations.
Converted Garage Unit Status: The presence of a 'converted garage' unit may raise questions regarding its legality, permitting, and structural integrity, potentially impacting financing options, insurance, or future resale value if not fully compliant with local codes.

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