234 S Pine St - Apartments FOR SALE


San Gabriel, CA 91776
$2,180,000 USD
626-831-0593
234 S Pine St, San Gabriel, CA for Sale
$2,180,000 USD
Apartments - FOR SALE
1/17
null | 3.45% Cap Rate

234 S Pine St
San Gabriel, CA 91776


OVERVIEW

This 5 units apartment, townhouse style, is nestled on a convenient and a terrific location within the city of San Gabriel, walking distance to restaurants, bakery and market. It offers an ideal investment with a lot of potential due to the city's non-rent controlled status (subject to only AB1482). A new development project locates adjacent to this property, featuring a 225 residential units and 13,500 square feet of retail space. The subject property consists of, a large single-story front unit with a fireplace, and in-unit washer & dryer, consists of 2 bedrooms and 2 bathrooms, ideal for an owner'user, following with a two-story, 2 bedrooms & 1.5 bathrooms, townhouse style units. Every unit has a 2 assigned parking spaces. This property also features new electrical sub panels and brand new windows. All units are equipped with central A/C system, and private balconies. Three of the five units had been recently completely remodeled with upgraded kitchen with stone countertop, stainless steel appliances, new hardware, recess lighting, renovated bathrooms, laminated wood flooring in the living room, tile flooring in the kitchen & dining area, and carpet in the bedrooms, and two units have partially remodeled. The property also has surveillance cameras and gated entrance to enhance security. Must see!

FOR SALE DETAILS

PRICE

$2,180,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

5

PRICE/UNIT

$436,000

CAP RATE

3.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3, San Gabriel

APN/PARCEL ID

5367-020-024

ASK ABOUT THIS PROPERTY

Wendy WongTreelane RealtyMore Info
626-831-0593

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Wendy WongTreelane RealtyMore Info
626-831-0593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.