329 S Arroyo Drive

    San Gabriel, CA 91776
    • $1,400,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: WS19210652
    UPDATED: 70 min ago
    $1,400,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,838
      SQFT
    • $493
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    A great development potential for this large flat lot of 14,478 sqft (58x250) located at a desirable area in City of San Gabriel, adjacent to City of Alhambra. North of Mission Road. R-3 zoning, all units are 1 bedroom 1 bath plus den, the den is large enough to be used as secondary bedroom. Each unit has its own large private backyard and its own laundry room with hookup. NO RENT CONTROL. It was conditionally approved by the city to subdivide and build a 6-units condominium in 2014 (buyer verify with city for all redevelopment requirement). No vacancy currently. Rent is about 30% below market. 4 covered parking spaces with two guest parking at front of the building. Separated electrical and gas meters, 1 master water meter. This property is sold "as is" condition. Please do not walk on or disturb tenants. Motivated Seller!

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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/98644693

    329 S Arroyo Drive San Gabriel, CA 91776

    • Price: $1,400,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: WS19210652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    2,838
    SQFT
    $493
    $/SQFT
    1948
    Built
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property Description
    A great development potential for this large flat lot of 14,478 sqft (58x250) located at a desirable area in City of San Gabriel, adjacent to City of Alhambra. North of Mission Road. R-3 zoning, all units are 1 bedroom 1 bath plus den, the den is large enough to be used as secondary bedroom. Each unit has its own large private backyard and its own laundry room with hookup. NO RENT CONTROL. It was conditionally approved by the city to subdivide and build a 6-units condominium in 2014 (buyer verify with city for all redevelopment requirement). No vacancy currently. Rent is about 30% below market. 4 covered parking spaces with two guest parking at front of the building. Separated electrical and gas meters, 1 master water meter. This property is sold "as is" condition. Please do not walk on or disturb tenants. Motivated Seller!
    Exterior Features

    Fence YN Yes Fencing Chain Link Garage Spaces 4.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDetached Carport Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

    Interior Features

    Appliances Gas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Flooring TileWood Laundry Features Gas Dryer HookupIndividual RoomWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Storm Drains Country Us Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 55800.00 Gross Scheduled Income 55800.00 Insurance Expense 1253.00 Land Lease YN No Laundry YN Yes Licenses Expense 480.00 Net Operating Income 33830.00 New Construction YN No New Taxes Expense 13822.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Range 4 Operating Expense 21970.00 Other Expense 3000.00 Other Expense Description Repairs Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasHvac Maintenance Total Actual Rent 4650.00 Total Expenses 21970.00 Trash Expense 1719.00 Water Sewer Expense 976.00 Water Source Public Year Built Source Assessor Zoning Slr2yy

    Listing provided courtesy of Qi Ding of Safco Realty


    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