$1,680,000
1380 Elm Avenue, San Gabriel 91775
7
Beds
6
Baths
11,325
Lot Size
5
# Of Units
Listing Agent
Ryan Loria - Triqor GroupWe 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.
Facts & Features
| MLS® # | PW24082238 |
|---|---|
| Price | $1,680,000 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Lot Size | 11,325 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Pending |
| # Of Units | 5 |
Community Information
| Address | 1380 Elm Avenue |
|---|---|
| Area | 654 - San Gabriel |
| City | San Gabriel |
| County | Los Angeles |
| Zip Code | 91775 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | April 24th, 2024 |
|---|---|
| Days on Market | 8 |
| Zoning | SLR3* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ryan Loria |
|---|---|
| Office | Triqor Group |