Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1232 San Gabriel Boulevard, San Gabriel, CA 91776
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    1232 San Gabriel Boulevard
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    • MLS#: CV24203147 ( Apartment )
    • Street Address: 1232 San Gabriel Boulevard
    • Viewed: 6
    • Price: $7,650,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1963
    • Bldg sqft: 0
    • Days On Market: 89
    • Additional Information
    • County: LOS ANGELES
    • City: San Gabriel
    • Zipcode: 91776
    • Provided by: RE/MAX 2000 REALTY
    • Contact: Kristopher Kristopher
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 12441.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 481
    Electric Expense
    1. 27312.00
    Fuel Expense
    1. 6550.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 1860.00
    Insurance Expense
    1. 11500.00
    Laundry Features
    1. Community
    2. Inside
    Laundry Income
    1. 1783.00
    Levels
    1. Two
    Lot Features
    1. 36-40 Units/Acre
    2. Lot 10000-19999 Sqft
    Netoperatingincome
    1. 358817.00
    Newtaxesexpense
    1. 102391.00
    Number Of Separate Electric Meters
    1. 36
    Number Of Separate Gas Meters
    1. 36
    Otherexpense
    1. 5400.00
    Otherexpensedescription
    1. Reserves
    Parcel Number
    1. 5372004007
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 23638.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 424207087:CRM
    Taxblock
    1. 32
    Tenant Pays
    1. Electricity
    2. Gas
    Totalactualrent
    1. 50621.00
    Totalexpenses
    1. 232141.00
    Trash Expense
    1. 13429.00
    Uncovered Spaces
    1. 15.00
    Vacancyallowance
    1. 18277
    Water Sewer Expense
    1. 8860.00
    Water Source
    1. Public
    Workmanscompensationexpense
    1. 4200.00
    Year Built
    1. 1963
    Year Built Source
    1. Assessor
    Zoning
    1. SLC3*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836