9074 Huntington Dr - Apartments FOR SALE


San Gabriel, CA 91775
$2,325,000 USD
310-562-9630
9074 Huntington Dr, San Gabriel, CA for Sale
$2,325,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

9074 Huntington Dr
San Gabriel, CA 91775


HIGHLIGHTS

  • Prime East San Gabriel Location Adjacent to Arcadia, Temple City, Rosemead, and Pasadena.
  • The Median Home Value within 1 mile is $936,095, making this an extremely high barrier to entry homebuying area and excellent rental market for Income
  • The Median Household Income within 1 mile is $88,333.
  • Only 1.5 Miles to the 210 Freeway Rosemead Blvd/Michillinda South Exit and Sprouts, Whole Foods, and Hastings Village Shopping Center.
  • Separate Gas & Electric Meters, and Separate Hot Water Heaters.
  • New Roof in 2023; New Exterior Paint and Driveway in 2024.

OVERVIEW

The Ivy Manor is located in an excellent part of San Gabriel, just a few blocks from Arcadia, the Santa Anita Racetrack, and the Shops at Santa Anita. The property was built in 1956 and sits on an almost 14,000 SF lot, and features four (1Br+1Ba) apts and four (2Br+1Ba) apts. There is also rear detached carport parking and a rear storage unit, as well as open parking for a total of 12 parking spaces. The units are spacious and average over 800 SF. Occupied by long term tenants, there is tremendous rental upside of appx 80%! There is also potential to build ADU’s in the rear, further increasing the value-add component. With a new roof in 2023 and fresh asphalt and exterior paint in 2024, this is an ideal addition to any astute owner's portfolio.

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

8

PRICE/UNIT

$290,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units in Prime San Gabriel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,944 SF

ZONING

LCR3YY

APN/PARCEL ID

5379-033-025

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

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