Pending
1380 Elm Avenue
San Gabriel CA, 91775
$1,680,000
$374.00 per sqft
Pending
4,492 sqft
Condo
Built in 1947
Listed by Ryan Loria with Triqor Group 949-756-3232
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.
PW24082238
MLSⓇ ID
April 24, 2024
Listed
May 9, 2024
Updated
Map
1380 Elm Avenue
San Gabriel CA, 91775
Interior Features
Total Stories
2
Laundry Description
Washer Hookup, Gas Dryer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
654 - San Gabriel
Days on Market
8
Garage
No
Parking Total
8
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
SLR3*
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
5/3/2024 | Pending | — |
Listing Contact: 949-756-3232
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/9/2024 at 3:42 PM UTC