Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

1

Building size

1,884 sqft

Lot size

11,115 sqft

Year built

1965

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

30

MLS #

242653632

About this property

Exceptional income-producing property located in one of the most desirable and convenient areas of Rowland Heights. Situated on a quiet residential street, while only minutes away from Colima Road, shopping centers, restaurants, schools, and quick access to the 60 Freeway, this property offers both strong cash flow potential and future development opportunities. Originally a single-story 4-bedroom, 2-bathroom home, the property has been thoughtfully upgraded and reconfigured into a highly functional 5-bedroom, 3-bathroom layout designed for multi-generational living or rental income. The home currently features two independently accessed suites with strong rental income. Sitting on a large, approximately 11,100 SF lot, the property also offers excellent future expansion potential, including the possibility to build an additional approximately 1,200 SF ADU (buyer to verify with city), creating even more rental income opportunities. The property presents an excellent opportunity for investors, owner-users, or buyers seeking house-hacking potential with projected strong monthly cash flow. Ideal for investors, extended families, or buyers looking to offset mortgage payments with rental income.

Location

2235 Deepgrove

Rowland Heights, Los Angeles, CA, 91748