$3,400,000
$3,750,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
1548 New Avenue San Gabriel, CA 91776
6,244 SqFt
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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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Benjamin J.Hsiang