1534-36 S Del Mar Avenue

    San Gabriel, CA 91776
    • $6,878,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: AR19214458
    UPDATED: 57 min ago
    $6,878,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    The property is in CORE San Gabriel location (NOT unincorporated San Gabriel) and one lot from the prime corner of Valley Blvd and Del Mar Ave; considered as one of the most desirable commercial real estate corners in west San Gabriel Valley submarket (GOLDEN MILE). This property is being offered for sale for the FIRST TIME since 1951 (68 years)!The property is located nearby several MOST exciting new developments in San Gabriel; namely Hyatt Place (222-room Hyatt Hotel +GG across the street), and The One (81 condominiums and retail +GG next door). Superb traffic count (+-29,400 average cars per day on Valley Blvd), High density area (population of +-143,666 people within a 2-mile radius), and aggressive foreign capital investments (existing and planned) made this investment offering a secure investment with strong appreciation potential for investor. This HIGHLY desirable and area amenities rich location offer excellent convenience to current multifamily tenants. It has a very high Walkability Score of 85. The property consists of 19-unit multifamily situated on two lots totaling a large +-28,313 square foot (R3 zoning). Due to its superior location and area amenities, the property is running at 100% occupancy. This 19-unit apartment allows investor to generate rental cash-flow while working on the entitlement. All the tenants are on month to month agreement and current rental income is significantly below market.

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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/98759779

    1534-36 S Del Mar Avenue San Gabriel, CA 91776

    • Price: $6,878,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: AR19214458
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property Description
    The property is in CORE San Gabriel location (NOT unincorporated San Gabriel) and one lot from the prime corner of Valley Blvd and Del Mar Ave; considered as one of the most desirable commercial real estate corners in west San Gabriel Valley submarket (GOLDEN MILE). This property is being offered for sale for the FIRST TIME since 1951 (68 years)!The property is located nearby several MOST exciting new developments in San Gabriel; namely Hyatt Place (222-room Hyatt Hotel +GG across the street), and The One (81 condominiums and retail +GG next door). Superb traffic count (+-29,400 average cars per day on Valley Blvd), High density area (population of +-143,666 people within a 2-mile radius), and aggressive foreign capital investments (existing and planned) made this investment offering a secure investment with strong appreciation potential for investor. This HIGHLY desirable and area amenities rich location offer excellent convenience to current multifamily tenants. It has a very high Walkability Score of 85. The property consists of 19-unit multifamily situated on two lots totaling a large +-28,313 square foot (R3 zoning). Due to its superior location and area amenities, the property is running at 100% occupancy. This 19-unit apartment allows investor to generate rental cash-flow while working on the entitlement. All the tenants are on month to month agreement and current rental income is significantly below market.
    Exterior Features

    Lot Features Level With StreetLot 20000-39999 SqftRectangular LotNear Public TransitValue In Land Lot Size Source Assessor Lot Size Units Square Feet Road Surface Type Paved View None View YN No

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features UrbanValley Country Us Current Use Comments 19-Unit Multifamily 100% Occupied Distance To Bus Comments Nearby Distance To Electric Comments Connected Distance To Freeway Comments Nearby Distance To Gas Comments Connected Distance To Phone Service Comments Connected Distance To Place Of Worship Comments Nearby Distance To Schools Comments Nearby Distance To Sewer Comments Connected Distance To Shopping Comments Nearby Distance To Water Comments Connected Elevation Units Feet Improvements 19-Unit Multifamily 100% Occupied Land Lease YN No New Construction YN No Possible Use Comments Buyer To Conduct Their Own investigations. Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedPhone AvailablePhone ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Source Public Zoning Slr3yy

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    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.
     
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    Irvine CA, 92604