1380 Elm Avenue San Gabriel, CA ^$ 1,680,000

1380 Elm Avenue

^$ 1,680,000

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1380 Elm Avenue

San Gabriel, CA, 91775

^$ 1,680,000

Bedrooms1 Baths1.0 Sq 4,492

Monthly Estimate*

^$ 11,166

Listed by Triqor Group

1380 Elm Avenue, San Gabriel, CA 91775 - Image 1

1380 Elm Avenue, San Gabriel, CA 91775 - Image 2

1380 Elm Avenue, San Gabriel, CA 91775 - Image 3

1380 Elm Avenue, San Gabriel, CA 91775 - Image 4

1380 Elm Avenue, San Gabriel, CA 91775 - Image 5

1380 Elm Avenue, San Gabriel, CA 91775 - Image 6

1380 Elm Avenue, San Gabriel, CA 91775 - Image 7

Multi-Family Home for sale in San Gabriel, CA

for $1,680,000 with 1 bedroom and 1 full bath. This 4,492 square foot home was built in 1947 on a lot size of 0.26.

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.

Multi-Family Pending

Price

^$ 1,680,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.26

Year Built

1947

Town/City

San Gabriel

County/Region

Los Angeles

MLS | Web ID

PW24082238

Days on Market

Features

General

Sewer PublicSewer

Zoning SLR3*

Garage Spaces 0.0

Pool Features None

Year Built 1947

Property SubType Apartment

Gross Income 106786.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 67594.0

Operating Expense 39192.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions Turn onto Muscatel Ave. from Las Tunas Dr. then turn left onto Elm Ave. property is on your left.

City San Gabriel

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area 654 - San Gabriel

Lot Size Square Feet 11325.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Elm

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Building Area Units SquareFeet

Standard Status Pending

Year Built Source PublicRecords

Tax Lot 81

Property Sub Type Additional Apartment

Exterior

Lot Features RectangularLot

Water Source Public

Total Parking 8.0

Lot Size Area 11325.0

Number of Buildings 4

Spa N

Building Area Total 4492.0

Lot Size Acres 0.26

Lot Size Units SquareFeet

Lot Size Source PublicRecords

Number of Separate Water Meters 0

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features WasherHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1380

* Excluded Features

List By

Triqor Group

Broker

(949) 756-3232

Phone

Affordability Calculator

$11,166

Per Month

Monthly Principal & Interest: $11,166
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Gabriel, CA

Average List Price ^$2,085,650

Percent of Sale Price 24%

About San Gabriel, CA

40,546 Population

2% Since 2002

^$56,843 Median Income

41.97 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2024	$1,680,000		Listed Price

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1380 Elm Avenue, San Gabriel, CA, 91775 is a Multi-Family Home for sale at $1,680,000 with 4,492 sqft and a lot size of 0.26. 1380 Elm Avenue has 1 bedrooms, 1.0 baths, and was built in 1947. The property's zip code is 91775 which is in San Gabriel, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. 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, 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.

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1380 Elm Avenue

Multi-Family Home for sale in San Gabriel, CA

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