San Gabriel, CA 91775,1380 Elm Avenue
See all 6 photos
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue

$1,720,000

Est. payment /mo

$1,680,000

2.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1380 Elm Avenue San Gabriel, CA 91775

7 Beds

6 Baths

0.26 Acres Lot

SOLD DATE : 06/26/2024

Key Details

Sold Price $1,720,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24082238

Bedrooms 7

Lot Size 0.260 Acres

Property Description

We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.
We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.

Location

State CA

County Los Angeles

Area San Gabriel (91775)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $119

Acceptable Financing Conventional

Space Rent $1,153

Listing Terms Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Ryan Loria • Triqor Group
Bought with Ryan Loria • Triqor Group

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.