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
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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
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.