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3045 Sullivan Ave - Shovel-ready RTI multifamily development 0.47 Acres of Residential Land Offered at $3,596,727 CAD in Rosemead, CA 91770



Investment Highlights
- Shovel-Ready RTI — No Entitlement Risk, Permit-Ready for Immediate Construction
- Prime San Gabriel Valley Location — Strong Rental Demand, Limited Supply
- Two Adjacent, Fully Subdivided APNs — 8 Units Total (4 Units Each)
Property Facts
| Price | $3,596,727 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Planned Unit Development |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Zoning | R3 | ||
| Price | $3,596,727 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Planned Unit Development |
| Total Lot Size | 0.47 AC |
| Zoning | R3 |
1 Lot Available
Lot
| Price | $3,596,727 CAD | Lot Size | 0.47 AC |
| Price Per AC | $7,652,609.60 CAD |
| Price | $3,596,727 CAD |
| Price Per AC | $7,652,609.60 CAD |
| Lot Size | 0.47 AC |
Description
Rare shovel-ready RTI multifamily development opportunity in the heart of Rosemead, offering two adjacent, fully subdivided parcels each entitled for a 4-unit SB9 development, combining for a total of 8 units across both lots, with all planning approvals already complete so there is zero entitlement risk and no approval uncertainty — a buyer can pull permits and break ground immediately. Each lot is approved for approximately 2,054–2,069 SF of SB9 development across two floors, plus additional ADUs. The location offers unmatched convenience, just about 3 minutes to 99 Ranch Market, 9 minutes to Costco, 5 minutes to a local golf course, and 15 minutes to Downtown Los Angeles, all on a quiet, low-traffic residential street within the highly sought-after San Gabriel Valley submarket, known for strong rental demand, constrained housing supply, a high-quality tenant base, and stable rent performance — a rare opportunity to skip the entitlement process entirely and move straight to construction in one of the SGV's most in-demand rental markets.
Property Taxes
| Parcel Number | 8595-010-009 | Improvements Assessment | $480,623 CAD |
| Land Assessment | $1,441,869 CAD | Total Assessment | $1,922,492 CAD |
Property Taxes
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3045 Sullivan Ave - Shovel-ready RTI multifamily development
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