234 South Pine Street

San Gabriel, CA 91776

$2,180,000
Price
10
Beds
10
Baths
5,628 Sq. Ft.
$387 / Sq. Ft.
5,628
Sq. Ft.
$387
per Sq. Ft.

Description

Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies. Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware,...Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies. Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware, recess lighting, and recently renovated bathrooms with updated vanities and designer fixtures. Additionally, most units offer wood-style laminate flooring in the living room, and tile flooring in the kitchen and dining area, and carpet in the bedrooms upstairs. There are two parking spaces allocated for each unit. Soft story retrofit is not required. In addition, the asset is outfitted with surveillance cameras and a gated entrance to enhance security. Currently, three out of the five units are being rented near market value. There is approximately a 20% potential increase in rental income, providing investors with an opportunity to fully stabilize an asset situated in a highly sought-after location with minimal available inventory. The absence of local rent control laws in San Gabriel simplifies the process for owners to stabilize this asset, with rental increases capped at 5% plus the Consumer Price Index (CPI) annual adjustments.
  1. Listed by Mark Ventre • DRE #01811490 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 234 South Pine Street

Zoning
SLR3*
Parcel Number
5367020024
Total Units
5.0
Living Area
5628
Source Living Area
Vendor Enhanced
Area
San Gabriel (654)
Vacancy Rate
0
Lot Size Area
7671

Location

Listing Courtesy of Kidder Mathews of California, Inc., Mark Ventre, DRE #01811490
Add your commute
LISTING UPDATED: 05/11/2024 11:55 AM

Property Details for 234 South Pine Street

StatusActive
MLS #24-388553
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.18 AC / 7,671 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Mark Ventre, DRE #01811490
Add your commute

Building Information for 234 South Pine Street

Stories2Residences-Year Built1977Building Size-Lot Size0.18 AC / 7,671 SF

Payment Calculator

$13,945 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,897

Property Taxes

$2,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 234 South Pine Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Townhome
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $132,528
  • Net Operating Income: $74,653.00
  • Gross Income: $132,528
  • Gross Rent Multiplier: $16.45
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 53899
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1761
  • Lot Size Square Feet: 7671
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 10
  • Covered Parking: 10
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Carpet, Laminate, Tile
  • Equipment: Ceiling Fan, Dishwasher, Microwave, Garbage Disposal, Range/Oven
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,152.00
  • Unit Actual Rent: $8,607.00
  • Unit Projected Rent: $10,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,377.00
  • Unit Actual Rent: $2,377.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $613,534.00
  • Assessed Improvement Percent: 35.48
  • Assessed Land Value: $1,115,518.00
  • Assessed Land Percent: 64.52
  • Assessed Total Value: $1,729,052.00

Property History for 234 South Pine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 234 South Pine Street

Taxable ValueLand$1,115,518Additions$613,534Total$1,729,052
Tax Record2023$24,582 ($2,048 / month)
Home Facts
Total Finished SqFt5,628 SqFtAbove Grade Finished SqFt5,628 SqFtLot Size7,669 SqFtStyleMulti-Family Res (5+ Units)Year Built1977ZoningSLR3*CountyLOS ANGELESAPN5367-020-024

Schools near 234 South Pine Street

This home is within San Gabriel Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Gabrielino High School
Public9 to 12

Options for Youth San Gabriel School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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234 South Pine Street is a multi-family home for sale in San Gabriel, CA 91776. This property was listed for sale on May 3, 2024 by Kidder Mathews of California, Inc., it's currently listed at $2,180,000. It has been on the market for a total of 17 days and was last sold on February 2, 2017. This listing's school district is San Gabriel Unified School District. Nearby schools include Washington Elementary School, Jefferson Middle School and Gabrielino High School. 234 South Pine Street is a 10-bed, 10-bath, 5,628 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Mark Ventre, DRE #01811490

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.