San Gabriel, CA 91776,401 Clary AVE
$2,400,000
Est. payment /mo
$2,450,000
2.0%
Est.Price: ?

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9,496 Sqft Lot
SOLD DATE : 01/30/2024

Key Details

Sold Price $2,400,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23179877

Sold Date 01/30/24

HOA Y/N No

Year Built 1962

Lot Size 9,496 Sqft

Property Description

A pride-of-ownership 6-unit garden style value-add apartment located in the Mission District - across the street from the historic San Gabriel Mission (Chapel, etc.) and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel. It is in a NO Local Rent control area and only under California AB1482. Long time owner for 10 years, all tenants are month-to-month which translates to significant rental upside and ADUs upside (buyer to verify).
The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit – buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony.
Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces. It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe.
DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS.

Location

State CA

County Los Angeles

Area 654 - San Gabriel

Zoning SLR3YY

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl, Wood

Fireplaces Type Family Room

Fireplace Yes

Laundry Common Area

Exterior

Garage Assigned, Garage

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Suburban, Valley, Park

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Parking Type Assigned, Garage

Total Parking Spaces 9

Private Pool No

Building

Lot Description Lawn, Landscaped, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5362027003

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade
Bought with Jerry Lin • Eddy Lee Jen Chao

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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