San Gabriel, CA 91775,1380 Elm Avenue
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San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue

$1,720,000

Est. payment /mo

$1,680,000

2.4%
Est.Price: ?

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1380 Elm Avenue San Gabriel, CA 91775

4,492 SqFt

SOLD DATE : 06/26/2024

Key Details

Sold Price $1,720,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,492 sqft

Price per Sqft $382

MLS Listing ID CRPW24082238

Sold Date 06/26/24

HOA Y/N No

Year Built 1947

Lot Size 0.260 Acres

Acres 0.26

Property Description

We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.

Location

State CA

County Los Angeles

Area Listing

Zoning SLR3

Interior

Fireplace No

Laundry Other

Building

Lot Description Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 5387009015

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Bridge MLS
Listed by Ryan Loria • Triqor Group
Bought with RyanLoria
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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