1380 Elm Avenue, San Gabriel, California 91775
- $1,680,000
- $1,680,000
Overview
- Apartment, Residential Income
- 4492 Sqft
- 1947
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
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Address: 1380 Elm Avenue
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State/county: CA
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Zip/Postal Code: 91775
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Country: US
Details
Updated on July 3, 2024 at 12:07 am-
Property ID PW24082238
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Price $1,680,000
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Property Size 4492 Sqft
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Land Area 0.26 Acres
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Year Built 1947
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Conventional
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Sidewalks
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