817 Padilla Street

    San Gabriel, CA 91776
    • $5,100,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: CV19123903
    UPDATED: 60 min ago
    $5,100,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,558
      SQFT
    • $406
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:

    School Ratings & Info

    Description

    The 817 Padilla Street Apartments is a rare, non-rent controlled, three-story, 13 unit multifamily property. Built in 1983, the Padilla Street Apartments is situated on a +-17,949 square foot lot with a total building size of +-12,558 square feet. The property offers an excellent unit mix of all two-bedroom/two-bathroom units averaging 966 square feet. The property features a private concrete driveway, 13 two-car garages, beautifully maintained landscaping, new exterior paint, and an on-site elevator for tenants to use. All units feature central A/C and heat, ceiling fans, stone countertops in kitchens, and laminate wood flooring in most units. Every unit includes a private patio or balcony, an assigned garage and garage remote to access the garage.

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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/95257195

    817 Padilla Street San Gabriel, CA 91776

    • Price: $5,100,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: CV19123903
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    12,558
    SQFT
    $406
    $/SQFT
    1983
    Built
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property Description
    The 817 Padilla Street Apartments is a rare, non-rent controlled, three-story, 13 unit multifamily property. Built in 1983, the Padilla Street Apartments is situated on a +-17,949 square foot lot with a total building size of +-12,558 square feet. The property offers an excellent unit mix of all two-bedroom/two-bathroom units averaging 966 square feet. The property features a private concrete driveway, 13 two-car garages, beautifully maintained landscaping, new exterior paint, and an on-site elevator for tenants to use. All units feature central A/C and heat, ceiling fans, stone countertops in kitchens, and laminate wood flooring in most units. Every unit includes a private patio or balcony, an assigned garage and garage remote to access the garage.
    Exterior Features

    Garage Spaces 13.00 Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedConcretePrivate Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 966 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features Balcony Laundry Features Community Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.45 Community Features CurbsSidewalks Country Us Electric Expense 4177.00 Elevation Units Feet Fuel Expense 4177.00 Gross Income 291055.00 Gross Multiplier 17.80 Gross Operating Income 282323.00 Gross Scheduled Income 286500.00 Gross Spendable Income 79815.00 Insurance Expense 3643.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 3836.00 Laundry YN Yes Licenses Expense 245.00 Maintenance Expense 11293.00 Maintenance Percent 4.00 Net Operating Income 174871.00 New Construction YN No New Taxes Expense 69611.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 13 Operating Expense 107452.00 Operating Expense Percent 38.06 Other Expense 2734.00 Other Expense Description Contract Other Income1 719.00 Professional Management Expense 3600.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 69611.00 Tax Year 2018 Taxes Percent 24.66 Tenant Pays ElectricityGasTrash Collection Total Actual Rent 23875.00 Total Expenses 107452.00 Trash Expense 0.00 Vacancy Allowance 8732 Vacancy Allowance Rate 3.00 Water Sewer Expense 4177.00 Water Source Public Year Built Source Assessor Zoning Slr2*

    Listing provided courtesy of Eric Chen of Cb Richard Ellis


    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