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7229 Tegner Drive, Rosemead, California 91770, Rosemead, 91770 - bed, bath

7229 Tegner Drive, Rosemead, California 91770 home-pic-0
ACTIVE$1,190,000
7229 Tegner Drive, Rosemead, California 91770
0Bed
0Bath
1,200Sqft
21,259Lot
Year Built
1940
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$992
HOA
-
Days on market
-
Sold On
-
MLS number
TR25127454
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.19M(35th), sqft - 1200(12th), beds - undefined(50th), baths - undefined(50th).

view view view ! entire valley view . Don't miss out on this great opportunity to own this fantastic property with tons of possibilities! . Conveniently located in a great residential neighborhood with quick access to freeways and public transportation. For any investor, the property's great location and large lot (approximately 21,252 sqft) allow for an excellent opportunity to capture the incredible upside potential of the deal. The profile shows 2 units (2+1, 1+1) but there is an additional non-conforming unit in the back . This could be a great income-generating property either as a residence or an investment. the whole lots could built 2 main houses and two ADUs, and two J-ADUS

Condition Rating
Good
The property, built in 1940, features recently and tastefully renovated kitchens and bathrooms in both visible units. These areas boast modern white shaker cabinets, quartz/solid surface countertops, stainless steel appliances, contemporary tiling, and updated fixtures, making them move-in ready. While these specific areas are in excellent condition, the overall age of the property suggests that other underlying systems or areas may not have been fully updated, aligning with a 'Good' rating for a property that has undergone significant recent updates but is not a new build or a complete top-to-bottom renovation of all systems.
Pros & Cons

Pros

Development Potential: The expansive 21,259 sqft lot is zoned for significant development, allowing for the construction of two main houses, two ADUs, and two J-ADUs, offering substantial upside.
Panoramic Valley Views: Boasts exceptional 'entire valley view' including city lights and mountains, enhancing desirability and potential value.
Immediate Income Generation: Features two existing units (2+1, 1+1) plus an additional non-conforming unit, providing immediate rental income opportunities.
Strategic Location: Situated in a desirable residential neighborhood with excellent access to freeways and public transportation, ensuring convenience for residents.
Versatile Investment Opportunity: Offers flexibility as either a multi-unit residence or a high-potential investment property due to its large lot and development possibilities.

Cons

Property Age & Condition: Built in 1940, the property is likely to require significant capital investment for modernization, repairs, and adherence to current building codes.
Non-Conforming Unit Risk: The presence of an 'additional non-conforming unit' may present legal or permitting challenges, potentially requiring costly regularization or removal.
High Capital Requirement for Full Potential: While offering immense development potential, realizing the vision of multiple new units would necessitate substantial financial investment and navigating complex construction and regulatory processes.

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