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$ 1,500,000
Est. payment | /mo
0.48 Acres Lot
$ 1,500,000
Est. payment | /mo
0.48 Acres 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 1947
Lot Size 0.477 Acres
Property Sub-Type Mixed Use
Property Description
Fully Entitled 4-Unit Development Site in Prime Rosemead – Shovel-Ready in 2 Months
3045 Sullivan Ave presents a rare opportunity to acquire a fully entitled residential development site in the heart of Rosemead. This ±10,322 SF parcel is 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 at 3047 Sullivan Ave is also available for sale. Buyers can acquire both lots together to build 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.
3045 Sullivan Ave presents a rare opportunity to acquire a fully entitled residential development site in the heart of Rosemead. This ±10,322 SF parcel is 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 at 3047 Sullivan Ave is also available for sale. Buyers can acquire both lots together to build 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
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs
Total Parking Spaces 2
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
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"REAL" Barkley-Romero
Founder of REALgratitude™ | DRE# SA695240000 | DRE# 02100184