1232 San Gabriel Boulevard, San Gabriel, CA 91776
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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
- DMCA Notice
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DescriptionWe 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.
Property Location and Similar Properties
Features
Building Area Total
- 12441.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 481
Electric Expense
- 27312.00
Fuel Expense
- 6550.00
Garage Spaces
- 0.00
Gardner Expense
- 1860.00
Insurance Expense
- 11500.00
Laundry Features
- Community
- Inside
Laundry Income
- 1783.00
Levels
- Two
Lot Features
- 36-40 Units/Acre
- Lot 10000-19999 Sqft
Netoperatingincome
- 358817.00
Newtaxesexpense
- 102391.00
Number Of Separate Electric Meters
- 36
Number Of Separate Gas Meters
- 36
Otherexpense
- 5400.00
Otherexpensedescription
- Reserves
Parcel Number
- 5372004007
Pool Features
- None
Professionalmanagementexpense
- 23638.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 424207087:CRM
Taxblock
- 32
Tenant Pays
- Electricity
- Gas
Totalactualrent
- 50621.00
Totalexpenses
- 232141.00
Trash Expense
- 13429.00
Uncovered Spaces
- 15.00
Vacancyallowance
- 18277
Water Sewer Expense
- 8860.00
Water Source
- Public
Workmanscompensationexpense
- 4200.00
Year Built
- 1963
Year Built Source
- Assessor
Zoning
- SLC3*