$2,380,000 Price Analysis   ♡   San Gabriel, CA 91776 10 bed 10 bath 5,628 SqFt ($422/SqFt) 7,671SqFt lot. Built 1977 Listed 2024-05-06, Taxes $23,584 | Ⓧ USDA Ineligible due to price & location near San Gabriel |
Nestled on a tranquil street and conveniently close to numerous development projects and amenities
The offering represents an opportunity to own an ideal 5-unit apartment building in a terrific San Gabriel location with potential to increase rents by nearly 20%. This will be achieved quicker than in other surrounding markets due to the city's non-rent controlled status (subject to AB1482). Adjacent to property lies the proposed Rubio Village, a new development featuring 225 residential units and 13, 500 square feet of retail space. Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies.
Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware, recess lighting and recently renovated bathrooms with updated vanities and designer fixtures. Additionally, most units offer wood-style laminate flooring in the living room and tile flooring in the kitchen and dining area and carpet in the bedrooms upstairs. There are two parking spaces allocated for each unit. Soft stry retrofit is not required. In addition, the asset is outfitted with surveillance cameras and a gated entra nce to enhance security. Currently, three out of the five units are being rented near market value. There is approximately a 20% potential increase in rental income, providing investors with an opportunity to fully stabilize an asset situated in a highly sought-after location with minimal available inventory. The absence of local rent control laws in San Gabriel simplifies the process for owners to stabilize this asset, with rental increases capped at 5% plus the Consumer Price Index (CPI) annual adjustments.
Presented by Mark Ventre at
Kidder Mathews of California, Inc.
Property MLS #24-388553 from TheMLSCLAW
Full Bathrooms: 10
Heating Features: Central
Garage Description: Covered Parking
Parking Total: 10
Lot Size Dimensions: 50x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7671
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 10200, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2650
Source Listing Status: Active
County: Los Angeles
Directions: Nearest major intersection E Last Tunas Drive & San Gabriel Blvd
Source Property Type: Residential Income
Area: San Gabriel
Source Neighborhood: San Gabriel
Parcel Number: 5367-020-024
Postal Code Plus 4: 1835
Zoning: SLR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $601,504 + $1,093,646 $1,695,150 | $23,584 |
| 2021 | $589,710 + $1,072,202 $1,661,912 | $23,405 |
| 2020 | $583,664 + $1,061,208 $1,644,872 | $23,067 |
| 2019 | $572,220 + $1,040,400 $1,612,620 | $22,403 |
| 2018 | $561,000 + $1,020,000 $1,581,000 | $22,261 |
| 2017 | $414,066 + $612,530 $1,026,596 | $14,969 |
| 2016 | $405,948 + $600,520 $1,006,468 | $14,558 |
| 2015 | $399,851 + $591,500 $991,351 | $14,362 |
| 2014 | $392,019 + $579,914 $971,933 | $14,252 |
| 2013 | $390,248 + $577,294 $967,542 | $13,613 |
| 2012 | $382,597 + $565,975 $948,572 | $13,446 |
| 2010 | $375,096 + $554,878 $929,974 | $12,890 |
| 2009 | $373,178 + $552,040 $925,218 | $12,696 |
| 2009 | $372,293 + $550,731 $923,024 | $12,696 |
| 2008 | $365,861 + $541,216 $907,077 | $12,351 |
| 2007 | $358,688 + $530,604 $889,292 | $11,623 |
$2,380,000
TheMLSCLAW
Listed 2024-05-06
$2,180,000
TheMLSCLAW
Sold 2017-02-13
$1,550,000
CRMLS
Listed 2016-12-14
$1,650,000
CRMLS
Sold 2003-10-30
$838,000
Public Record
Sold 2002-09-19
$688,000
Public Record
Sold 1987-12-31
$460,000
Public Record
Sold 1986-03-31
$315,000
Public Record
Sold 1984-03-16
$300,000
Public Record
Year Built: 1977
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 47
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Gated
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.