302-304 E Broadway - Apartments FOR SALE


San Gabriel, CA 91776
$2,880,000 USD
909-418-2071
302-304 E Broadway, San Gabriel, CA for Sale
$2,880,000 USD
Apartments - FOR SALE
1/30
null | 4.15% Cap Rate

302-304 E Broadway
San Gabriel, CA 91776


HIGHLIGHTS

  • Value Add Opportunity in Prime San Gabriel Location
  • Existing Layout allows for Additional Space to add ADU Structures
  • Expansive ±20,043 SF Lot Size Creates Additional Future Land Value
  • Stable Long-Term Investment with Non-Rent-Controlled Units, 4.515% Cap Rate on Current Rents and 4.84% Cap Rate on Market Rents
  • Five-Minutes Away from the City’s Charming Mission District that Features Live Theater Performances at the Mission Playhouse and Outdoor Concerts
  • Surrounded by Nearby Shopping Centers and a Highly-Ranked Restaurant Culture

OVERVIEW

CBRE is proud to exclusively present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel. The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five-minutes away from The City’s charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly-ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year-round. The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. I t i s less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20- mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Broadway Garden Apartments in San Gabriel is a 2-story, 9-unit proper ty built in 1954. The property is situated on one parcel of land with a total of ±20,043 square feet of land and a total building size of ±5.626 square feet. It features a unit mix of one-bed/one-bathroom and three-bedroom/ two-bathroom units averaging 625 square feet per unit. The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

9

PRICE/UNIT

$320,000

CAP RATE

4.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,047 SF

ZONING

R3, San Gabriel

APN/PARCEL ID

5367-028-032

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

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