1232 S San Gabriel Boulevard, San Gabriel, CA 91776

$7,699,999
List Price
$7,699,999
Price Change
▼ $100,000 1687310122
Status
ACTIVE
MLS#
WS23041662
Year Built
1963
Lot Size
16,541
Acres
0.38
Days on Market
198
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels

Property Description

RARE GEM IN THE HEART OF SAN GABRIEL. WITHIN DISTANCE OF PACIFIC SQUARE SAN GABRIEL NEWEST MIX USE, A 925,325 SF PROJECT. Built in 1963, Emerald Beach Apartments is a 36 Unit Single Building. The property is located conveniently within shops and restaurants on Valley Blvd and San Gabriel Blvd. The property is situated 1 mile from San Gabriel Square, Focus Plaza, Sheraton, "The One" and more Mixed Use Projects. 1/2 Mile North of the Property boasts a new Mixed Use Development by Pacific Square and Rubio Village. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units and thirty-two (32) studio one bathroom units, with (17) seventeen designed parking spaces, with plenty of street parking. 20 OF THE 36 UNITS ARE RENOVATED, PROPERTY IS CURRENTLY 94% OCCUPIED. CURRENT CAP RATE OF 4.32% AT CURRENT OCCUPANCY, 5.62% ESTIMATED AT PROFORMA

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
36
Gross Scheduled Income
$567,588
Operating Expense
196408

Listing courtesy of Listing Agent: ALEX LAI (alai002@gmail.com) from Listing Office: Longo Realty, Inc..

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.