3047 Sullivan AVE, Rosemead, CA 91770 - MLS#OC25182369

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,500,000

Est. payment | -/mo

10,332 Sqft Lot

Save

$ 1,500,000

Est. payment | -/mo

Save

10,332 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25182369

HOA Y/N No

Year Built 1953

Lot Size 10,332 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area 651 - Rosemead/S. San Gabriel

Zoning RMR1*

Interior

Fireplace No

Laundry In Garage

Exterior

Pool None

Community Features Biking, Curbs

Private Pool No

Building

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8595010009

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Timothy Chen Real Broker 949-391-6668

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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3047 Sullivan AVE Rosemead, CA 91770