1380 Elm Avenue, San Gabriel, California 91775
  • $1,680,000

Overview

Property ID: PW24082238
  • Apartment, Residential Income
  • Property Type
  • 4492 Sqft
  • Area Size
  • 1947
  • Year Built

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.

  • Address: 1380 Elm Avenue
  • State/county: CA
  • Zip/Postal Code: 91775
  • Country: US

Details

Updated on July 3, 2024 at 12:07 am
  • Property ID PW24082238
  • Price $1,680,000
  • Property Size 4492 Sqft
  • Land Area 0.26 Acres
  • Year Built 1947
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Conventional
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Sidewalks

Mortgage Calculator

Schedule a Tour

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

Compare listings

Compare