302 Broadway Street, San Gabriel, CA 91776
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- MLS#: CV25052290 ( Apartment )
- Street Address: 302 Broadway Street
- Viewed: 1
- Price: $2,880,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1954
- Bldg sqft: 0
- Days On Market: 3
- Additional Information
- County: LOS ANGELES
- City: San Gabriel
- Zipcode: 91776
- Provided by: CB RICHARD ELLIS
- Contact: ERIC ERIC
- DMCA Notice
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DescriptionWe are proud to present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel. The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five minutes away from The Citys charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year round. The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I 210 and I 10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20 mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Broadway Garden Apartments in San Gabriel is a 2 story, 9 unit proper ty built in 1954. The property is situated on one parcel of land with a total of 20,043 square feet of land and a total building size of 5.626 square feet. It features a unit mix of one bed/one bathroom and three bedroom/ two bathroom units averaging 625 square feet per unit. The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income producing property and a great long term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first time purchaser, seasoned investor, or a 1031 exchange opportunity.
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 5626.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Electric Expense
- 296.00
Fuel Expense
- 478.00
Garage Spaces
- 2.00
Gardner Expense
- 1920.00
Heating
- Wall Furnace
Insurance Expense
- 6300.00
Laundry Features
- Common Area
Laundry Income
- 1398.00
Levels
- Two
Lot Features
- 6-10 Units/Acre
Netoperatingincome
- 119573.00
Newtaxesexpense
- 36479.00
Otherexpense
- 1800.00
Otherexpensedescription
- Reserves
Parcel Number
- 5367028032
Pool Features
- None
Professionalmanagementexpense
- 5816.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 433803559:CRM
Spa Features
- None
Totalexpenses
- 74309.00
Trash Expense
- 7072.00
Uncovered Spaces
- 12.00
Vacancyallowance
- 5996
Water Sewer Expense
- 7397.00
Water Source
- Public
Year Built
- 1954
Year Built Source
- Assessor
Zoning
- SLR3YY