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1380 Elm Avenue
San Gabriel, CA 91775
Sold
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.
PROPERTY INFORMATION
| MLS # | PW24082238 | Lot Size | 11,325 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,680,000
Price Per SqFt: $ 374 |
DOM | 530 Days |
| Address | 1380 Elm Avenue | Type | Residential Income |
| City | San Gabriel | Sq.Ft. | 4,492 Sq. Ft. |
| Postal Code | 91775 | Garage | N/A |
| County | Los Angeles | Year Built | 1947 |
| Bed / Bath | 7 / 0 | Parking | 8 |
| Built In | 1947 | Status | Closed |
| Sold Date | 2024-06-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 73 (Very Walkable)
Transit Score: 43 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,792
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/24/2024 | Listed | $1,680,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Ryan Loria, Triqor Group. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
