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$ 7,650,000
Est. payment /mo
Active
1232 S San Gabriel BLD San Gabriel, CA 91776
0.38 Acres Lot
UPDATED:
10/02/2024 10:39 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV24203147
Originating Board California Regional MLS
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.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Interior
Laundry Other, Community Facility
Exterior
Garage Spaces 15.0
Pool None
Building
Water District - Public
Others
Tax ID 5372004007
Special Listing Condition Not Applicable
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Listed by Kristopher German • RE/MAX 2000 REALTY