11
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$7,650,000
Est. payment /mo
0.38 Acres Lot
Active
1232 S San Gabriel BLVD San Gabriel, CA 91776
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UPDATED:
12/05/2024 03:27 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24203147
HOA Y/N No
Year Built 1963
Lot Size 0.380 Acres
Property Description
We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units.
Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking.
Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs.
Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking.
Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs.
Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLC3*
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 15
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5372004007
Energy Description 6550.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443