6230 N San Gabriel Blvd - Apartments FOR SALE


San Gabriel, CA 91775
$4,250,000 USD
818-970-0915
6230 N San Gabriel Blvd, San Gabriel, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/22
null | 6.6% Cap Rate

6230 N San Gabriel Blvd
San Gabriel, CA 91775


HIGHLIGHTS

  • Significant Upside Potential
  • Five Units Delivered Vacant
  • ADU Potential
  • Large Courtyard
  • 26 Parking Spaces

OVERVIEW

CALL FOR OFFERS: FRIDAY - FEBRUARY 7th at 5pm. The San Marino Park Arms is a 22-unit apartment building, with 5 units being delivered vacant. This two-story garden-style walk-up building was built in 1960 and encompasses 18,820 SF on a 26,166 SF lot. The property features 26 covered parking spaces, a common area courtyard, and laundry facilities. The unit mix comprises: (8) 2 Bedroom + 2 Bathroom units (6) 2 Bedroom + 1 Bathroom units (8) 1 Bedroom + 1 Bathroom units Prime San Gabriel Valley location, steps from the San Gabriel Country Club, with easy access to major freeways, top-rated schools, and a wealth of shopping, dining, and entertainment options in neighboring cities such as San Marino, Pasadena, and Arcadia. 6230 N. San Gabriel Blvd. offers multiple opportunities to enhance cash flow. The vacancies allow a new owner to implement a value-add strategy to bring units up to market rental rates. Additionally, there is potential to add Accessory Dwelling Units (ADUs), convert the laundry facilities from a lease to owned, and apply capital expenditures to improve the building’s exterior.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

22

PRICE/UNIT

$193,182

CAP RATE

6.6%

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Marino Park Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,670 SF

ZONING

LCR3*

APN/PARCEL ID

5374-001-021

ASK ABOUT THIS PROPERTY

David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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