1232 S San Gabriel

    San Gabriel, CA 91776
    • $5,580,000
    • STATUS: Active Under Contract
    • ON SITE: 134 days
    • ID#: 19462894
    Under Contract
    UPDATED: 58 min ago
    $5,580,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,441
      SQFT
    • $449
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We present a rare opportunity to own 36 units in a classic and well-established complex based in the heart of San Gabriel! 1232 S. San Gabriel Blvd. is one of those larger buildings that you don't find often in this area. With a fantastically low current GRM of 12.20 & high current cap rate of 5.14%, you're unlikely to find a better deal in this area! This property boasts easy access to major shops and restaurants on Valley Blvd. (San Gabriel Square or Focus Plaza, as it is known to the locals). The building has a great upside and will allow its future owner to maximize on rental income. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units & thirty-two (32) studio, one bathroom units, situated in a 'U' shape and facing away from the main road so all noise is nicely reduced. There is a sizeable pool and seventeen (17) designated parking spaces, plus plenty of street parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T21:44:56.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/94458102

    1232 S San Gabriel San Gabriel, CA 91776

    • Price: $5,580,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: 19462894
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    12,441
    SQFT
    $449
    $/SQFT
    1963
    Built
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property Description
    We present a rare opportunity to own 36 units in a classic and well-established complex based in the heart of San Gabriel! 1232 S. San Gabriel Blvd. is one of those larger buildings that you don't find often in this area. With a fantastically low current GRM of 12.20 & high current cap rate of 5.14%, you're unlikely to find a better deal in this area! This property boasts easy access to major shops and restaurants on Valley Blvd. (San Gabriel Square or Focus Plaza, as it is known to the locals). The building has a great upside and will allow its future owner to maximize on rental income. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units & thirty-two (32) studio, one bathroom units, situated in a 'U' shape and facing away from the main road so all noise is nicely reduced. There is a sizeable pool and seventeen (17) designated parking spaces, plus plenty of street parking.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 5.14 Electric Expense 15589.00 Gross Multiplier 12.20 Gross Operating Income 457200.00 Improvements Amount 1483644 Insurance Expense 4376.00 Land Value 2225468 Laundry YN Yes Maintenance Expense 22860.00 Net Operating Income 286934.00 Other Expense 2500.00 Pool Expense 1560.00 Professional Management Expense 17739.00 Special Listing Conditions Standard Total Expenses 156550.00 Water Sewer Expense 16566.00 Zoning Slc3*

    Listing provided courtesy of Benjamin J. Hsiang of Realty Investment Advisors, In and Alexander Metaxas of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T21:44:56.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604