For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jerry Lin • Eddy Lee Jen Chao
GET MORE INFORMATION
Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692