Triplex with Three Distinct
For Sale
$1,550,000
2351 Falling Leaf, Rosemead, CA 91770
Three residential units offer separate utility connections and varied bedroom configurations.
Property Size2,792 SF
Price / SF$555.16
Days on Market15
Property Features for 2351 Falling Leaf
General Information
Standard status
Active
Size
2,792 SF
Total Parking Spaces
6
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
Substantial cosmetic updates are needed
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Tenant in Place
Yes
Amenities
washer and dryer hookups
walk-in showers
Building Details
Building Size
2,792 SF
Year Built
1928
Tenancy
Multi
Listing Agency:
EXCELLENCE RE REAL ESTATE
(626) 376-5413
Listed By:
LEONOR ORTEGA · License #01921383
(562) 735-0388
Source:
Brillarealestate
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 1:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXCELLENCE RE REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1928, this 2,792-square-foot triplex contains three units: a three-bedroom residence, a two-bedroom residence, and a one-bedroom residence. The three-bedroom unit has two living rooms, a kitchen, and a detached two-car garage. The two-bedroom layout places its bedrooms and full bath upstairs, with the kitchen and living area below; it also has an attached two-car garage. The one-bedroom unit includes a generous living area and parking for two vehicles. Washer and dryer hookups and separate gas and electrical lines serve each unit. Two units have walk-in showers, including an accessible shower in the one-bedroom residence. Cosmetic work is needed. ADU or junior ADU options would require city approval.
The property is across from a park and near Montebello Town Center, dining, retail, and public transportation. The 10 and 60 freeways are also nearby.
The property is across from a park and near Montebello Town Center, dining, retail, and public transportation. The 10 and 60 freeways are also nearby.
Key Highlights
- Three units: one with three bedrooms, one with two bedrooms, and one with one bedroom
- 2,792 square feet; built in 1928
- Separate gas and electrical lines and washer/dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,758
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,160
$975.2K
Cap Rate 7%
$696,543
$696.5K
Cap Rate 9%
$541,756
$541.8K
Market Conditions
NOI Build-Up for 2,792 SF
Gross rent
$75.4K $27.00/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$69.7K $24.95/SF
− OpEx
−$20.9K −$7.48/SF
NOI
$48.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,160
Cap Rate 7%
$696,543
Cap Rate 9%
$541,756
Alternative Uses
Best Use
Multifamily LT 5
$696.5K
$609.5K – $812.6K
NOI $48,758 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$641.8K
$561.6K – $748.8K
NOI $44,926 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,638 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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Business Placement
Demographics for 91770, CA
59,360
Population
17,704
Households
3.4
Avg Household Size
43
Median Age
23%
College-Educated
68%
High-School Grad
6.5 sq mi
ZIP Area
9,132
Density / Sq Mi
$73,757
Median Household Income
$35,286
Median Earnings
$1,740
Median Rent
$712,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate utility connections and varied bedroom configurations.
Where is this triplex located?
The property is located at 2351 Falling Leaf Rosemead, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three units: one with three bedrooms, one with two bedrooms, and one with one bedroom; 2,792 square feet; built in 1928; Separate gas and electrical lines and washer/dryer hookups in each unit
