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$ 7,650,000
Est. payment /mo
Active
1232 S San Gabriel Boulevard San Gabriel, CA 91776
12,441 SqFt
UPDATED:
10/03/2024 12:35 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,441 sqft
Price per Sqft $614
MLS Listing ID CRCV24203147
HOA Y/N No
Year Built 1963
Lot Size 0.380 Acres
Acres 0.38
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 Listing
Zoning SLC3
Interior
Fireplace No
Laundry Community Facility, Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5372004007
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Listed by Kristopher German • RE/MAX 2000 REALTY