7623 Steddom Drive
About This Property
This home sits on an expansive lot of over 15,000 square feet, and when combined with the adjoining vacant lot, the total lot size equals approximately 19,900 square feet, both with their own parcel numbers. This space is perfect for buyers seeking room to grow and the potential for a farm-like lifestyle. With the possibility to build multiple ADUs, this property is truly an owner's paradise. Land like this is hard to come by at an incredible price.
Tastefully updated and move-in ready, the home features two bedrooms and one bath on the main floor, along with an impressive basement that includes an additional bedroom and .75 bath. A rare spiral staircase leads you down to the basement, adding a touch of elegance to the home. The property includes a chicken coop that a handy buyer can restore, bringing it back to life and making it a beautiful addition to the property.
Enjoy evenings sitting on the front porch or balcony, gazing at the stars, and listening to the soothing sounds of nature. With stunning views of the San Gabriel Mountains and no neighbors on one side, this property offers tranquility and privacy.
This home is perfect for those who love to grow their own vegetables or raise chickens, providing endless possibilities for organic living and a sustainable lifestyle. Located in the heart of Rosemead, this property is a suburb of Los Angeles and is conveniently situated near neighboring cities such as Alhambra, South Pasadena, Temple City, and Monterey Park. Don't miss out on this rare opportunity to create your dream farm life in a serene setting!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 3, 2024 | Listed by Keller Williams Encino/Sherman Oaks | $1,199,000 | |
| Listed by Keller Williams Encino/Sherman Oaks | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017