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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 7,650,000
Est. payment /mo
Active
1232 S San Gabriel Boulevard San Gabriel, CA 91776
12,441 SqFt
UPDATED:
10/03/2024 06:57 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,441 sqft
Price per Sqft $614
MLS Listing ID CRCV24203147
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1963
Lot Size 0.380 Acres
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility, Inside
Building
Water Public
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