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401 Clary Avenue
San Gabriel, CA 91776
Sold
A pride-of-ownership 6-unit garden style value-add apartment located in the Mission District - across the street from the historic San Gabriel Mission (Chapel, etc.) and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel. It is in a NO Local Rent control area and only under California AB1482. Long time owner for 10 years, all tenants are month-to-month which translates to significant rental upside and ADUs upside (buyer to verify). The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit – buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony. Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces. It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS.
PROPERTY INFORMATION
| MLS # | AR23179877 | Lot Size | 9,495 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,450,000
Price Per SqFt: $ 384 |
DOM | 739 Days |
| Address | 401 Clary Avenue | Type | Residential Income |
| City | San Gabriel | Sq.Ft. | 6,380 Sq. Ft. |
| Postal Code | 91776 | Garage | 8 |
| County | Los Angeles | Year Built | 1962 |
| Bed / Bath | 4 / 0 | Parking | 9 |
| Built In | 1962 | Status | Closed |
| Sold Date | 2024-01-30 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community |
| Has Fireplace | Yes |
| Fireplace Information | Family Room |
| Has Heating | Yes |
| Heating Information | Central, Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Central Air, Wall/Window Unit(s) |
| Flooring Information | Vinyl, Wood |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,613
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/30/2024 | Sold | $2,400,000 |
| 12/05/2023 | Active Under Contract | $2,450,000 |
| 11/27/2023 | Price Change | $2,450,000 (-8.58%) |
| 09/26/2023 | Listed | $2,680,000 |
Topfind Realty
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Listing provided courtesy of Han Chen, Growth Investment Group Pasade. 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.
