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We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking. Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs. Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.PROPERTY FEATURES
Sewer: Public Sewer
Water Source: Public
Uncovered Spaces: 15.00
# of Parking Spaces: 15.00
Lot Features: 36-40 Units/Acre,Lot 10000-19999 Sqft
Number Of Buildings: 3
Parcel Identification Number: 5372004007
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Laundry Features: Community,Inside
Laundry: Has Laundry
Zoning: SLC3*
MLSAreaMajor: 654 - San Gabriel
PROPERTY DETAILS
Street Address: 1232 S San Gabriel Boulevard
City: San Gabriel
State: California
Postal Code: 91776
County: Los Angeles
MLS Number: CV24203147
Year Built: 1963
Courtesy of RE/MAX 2000 REALTY
City: San Gabriel
State: California
Postal Code: 91776
County: Los Angeles
MLS Number: CV24203147
Year Built: 1963
Courtesy of RE/MAX 2000 REALTY
Courtesy of Longo Realty, Inc.