Sold for $4,000,000

Listing Provided by:

Nicole Cao DRE #01873801 626-688-7226,

Nicole Cao

Bought with: Saga Inc

$4,000,000

8356-8364 Sheffield Rd, San Gabriel, CA 91775

14beds

5,872sqft

Single Family Residence

Built in 1964

0.83 Acres Lot

$4,446,200 Zestimate^®

$681/sqft

$5,937 Estimated rent

Home value

$4,446,200

$3.91M - $5.16M

$5,937/mo

Zestimate^® history

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$5,937/mo

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$5,937/mo

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$25,690/mo

Est. payment

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$25,690/mo

Est. payment

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What's special

Rare 7 units Detached PUD development opportunity in the highly sought-after North San Gabriel area. The Approved Tentative Map consists of four (4x) 2,310 SQF Detached home, and three (3x) 2,913 SQF Detached home, totaling approximately 18,000 SQF Gross Living Area on a huge 36,116 SQF flat land. Each home features 4 Bedroom, 4.5 Bathroom, meticulously designed for market’s highest demand floor plan & size, and aiming for highest investment return. The property’s desirable location is just a short walk from the most coveted city of San Marino, the area offers abundant daily essentials, grocery stores, dining and entertainment amenities. Furthermore, this highly profitable project currently consists of 4 fully occupied and income generating single family homes. All tenants are courteous and always pay online even during pandemics. Investors may start construction at best market conditions without any financial pressure.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 8
Full bathrooms: 8
Main level bathrooms: 8
Main level bedrooms: 14

Bedroom

Features: All Bedrooms Down

Heating

Central

Cooling

Central Air, Dual

Appliances

Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Features

All Bedrooms Down
Has fireplace: Yes
Fireplace features: Family Room
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 5,872 sqft

Property

Parking

Total spaces: 6
Parking features: Garage - Attached
Attached garage spaces: 6

Features

Levels: One
Stories: 1
Pool features: None
Has view: Yes
View description: None

Lot

Size: 0.83 Acres
Features: 2-5 Units/Acre

Details

Additional parcels included: 5375023019
Parcel number: 5375023018
Zoning: LCR1*
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1964

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Street Lights

Location

Region: San Gabriel

Other

Other facts

Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange

Price history

Date	Event	Price
6/12/2023	Sold	$4,000,000-4.8%$681/sqft
Source: CRMLS #TR23009079 Report a problem
5/30/2023	Pending sale	$4,200,000$715/sqft
Source: CRMLS #TR23013291 Report a problem
2/24/2023	Contingent	$4,200,000$715/sqft
Source: CRMLS #TR23013291 Report a problem
1/25/2023	Listed for sale	$4,200,000$715/sqft
Source: CRMLS #TR23013291 Report a problem