Renovated Triplex with Separate
2409 Gladys Ave, Rosemead, CA 91770
For Sale
New
$1,495,000
Three independent residences each include laundry and split-unit heating and cooling.
Property Size2,763 SF
Days on Market7
Property Features for 2409 Gladys Ave
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
in-unit washer/dryer
split-unit HVAC
mature lime tree
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty of California Inc
Listed By:
Cassandra Diep · License #02225348
Source:
Archetyperealty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 1:45PM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
This triplex contains three separate living spaces, each with an open-concept kitchen, its own washer and dryer, and split-unit heating and cooling. Separate utility meters serve the units. The property was built in 1926 and has undergone recent renovation; construction is city-permitted.
Driveway parking and alley access are available, with additional street parking. The Rosemead property is near shopping, dining, everyday services, and major freeway access.
Driveway parking and alley access are available, with additional street parking. The Rosemead property is near shopping, dining, everyday services, and major freeway access.
Key Highlights
- Three separate living spaces, each with its own washer and dryer
- Individual utility meters serve the three units
- Open‑concept kitchen in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,252
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,040
$965.0K
Cap Rate 7%
$689,314
$689.3K
Cap Rate 9%
$536,133
$536.1K
Market Conditions
NOI Build-Up for 2,763 SF
Gross rent
$74.6K $27.00/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$68.9K $24.95/SF
− OpEx
−$20.7K −$7.48/SF
NOI
$48.3K $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%
$965,040
Cap Rate 7%
$689,314
Cap Rate 9%
$536,133
Alternative Uses
Best Use
Multifamily LT 5
$689.3K
$603.2K – $804.2K
NOI $48,252 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$635.1K
$555.7K – $741.0K
NOI $44,459 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,551 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
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
$712,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Los Angeles County, CA
Properties on Market for Triplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences each include laundry and split-unit heating and cooling.
Where is this triplex located?
The property is located at 2409 Gladys Ave Rosemead, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Three separate living spaces, each with its own washer and dryer; Individual utility meters serve the three units; Open‑concept kitchen in each residence
