1232 S San Gabriel Blvd - Apartments FOR SALE


San Gabriel, CA 91776
$7,600,000 USD
626-888-2995
1232 S San Gabriel Blvd, San Gabriel, CA for Sale
$7,600,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

1232 S San Gabriel Blvd
San Gabriel, CA 91776


HIGHLIGHTS

  • Walking distance to Valley Blvd and San Gabriel Blvd intersection.
  • Significant capital improvements have been made in recent years.
  • Convenient location with many restaurants, supermarkets, coffee/tea shops, and retail shops nearby.

OVERVIEW

36-Unit Multi-Family Apartment in San Gabriel walking distance to one of the busiest intersections (Valley Blvd and San Gabriel Blvd). The property features 32 studio apartments, two 1-bedroom/1-bath units, and two 2-bedroom/1-bath units. The majority of the property has been substantially renovated, with 90% of the units upgraded to include new flooring, bathrooms, kitchens, cabinets, and countertops. Tenants benefit from convenient on-site laundry facilities and parking located at the rear of the property, along with plenty of street parking. Significant capital improvements have been made in recent years, including a new roof completed in 2022, a replaced CCTV system in 2023, and the installation of two brand-new water heaters in 2024. Additionally, plumbing in the front of the building was replaced in 2024, and a new water pump was installed in 2020. The pool was emptied and filled in 2020, simplifying maintenance and liability. Convenient location with many restaurants, supermarkets, coffee/tea shops, and retail shops nearby. DOWNLOAD FULL MARKETING PDF VIA LINK: https://www.donaldlarealty.com/commercial/properties/1232sangabrielblvd/

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$611 USD /SF

# OF UNITS

36

PRICE/UNIT

$211,111

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,541 SF

ZONING

SLC3*

APN/PARCEL ID

5372-004-007

ASK ABOUT THIS PROPERTY

Donald LaKW CommercialMore Info
626-888-2995

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Donald LaKW CommercialMore Info
626-888-2995

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