San Gabriel, CA 91775,1380 Elm AVE
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San Gabriel, CA 91775,1380 Elm AVE
San Gabriel, CA 91775,1380 Elm AVE
San Gabriel, CA 91775,1380 Elm AVE
San Gabriel, CA 91775,1380 Elm AVE

$1,720,000

Est. payment /mo

$1,680,000

2.4%
Est.Price: ?

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1380 Elm AVE San Gabriel, CA 91775

4,492 SqFt

SOLD DATE : 06/26/2024

Key Details

Sold Price $1,720,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,492 sqft

Price per Sqft $382

MLS Listing ID PW24082238

Sold Date 06/26/24

HOA Y/N No

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

Area 654 - San Gabriel

Zoning SLR3*

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup

Interior

Laundry Location Washer Hookup,Gas Dryer Hookup

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5387009015

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ryan Loria • Triqor Group
Bought with Ryan Loria • Triqor Group

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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