San Gabriel, CA 91776,1548 New Avenue

$3,400,000

Est. payment /mo

$3,750,000

9.3%
Est.Price: ?

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1548 New Avenue San Gabriel, CA 91776

6,244 SqFt

SOLD DATE : 05/23/2024

Key Details

Sold Price $3,400,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,244 sqft

Price per Sqft $544

MLS Listing ID CL24368801

Sold Date 05/23/24

HOA Y/N No

Year Built 1960

Lot Size 10,406 Sqft

Acres 0.24

Property Description

We are proud to present 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops. Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units. Situated on a spacious 10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike.

Location

State CA

County Los Angeles

Area Listing

Zoning SLR3

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5360014011

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Bridge MLS
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.
Bought with Benjamin J.Hsiang
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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