San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
San Gabriel, CA 91775,1380 Elm Avenue
Listed by Ryan Loria • Triqor Group
$1,720,000
Est. payment /mo
Est.Price: ?

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4,492 SqFt
SOLD DATE : 06/26/2024

Key Details

Sold Price $1,720,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 4,492 sqft

Price per Sqft $382

MLS Listing ID PW-24082238

Year Built 1947

Lot Size 0.260 Acres

Property Description

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.

Location

State CA

County Los Angeles

Zoning SLR3*

Interior

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Parking Features Gated

Pool None

Community Features Sidewalks

Building

Lot Description Rectangular Lot

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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