1232 South San Gabriel Boulevard

San Gabriel, CA 91776

$7,650,000
Price
3
Beds
36
Baths
12,441 Sq. Ft.
$615 / Sq. Ft.
12,441
Sq. Ft.
$615
per Sq. Ft.

Description

We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional...We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking. Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs. Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 1232 South San Gabriel Boulevard

Parking Spaces Total
15
Private Pool
No
Total Units
36.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12441
Assessor Parcel Number
5372-004-007
Property Attached YN
true
LISTING UPDATED: 10/02/2024 08:33 AM

Property Details for 1232 South San Gabriel Boulevard

StatusActive
MLS #CV24203147
Days on Market80
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 1232 South San Gabriel Boulevard

Building/Complex1232 S San Gabriel BlvdFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 1232 South San Gabriel Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $609,235
  • Gross Scheduled Income: $609,235
  • Vacancy Allowance: 18277
  • Gross Operating Income: $590,958
  • Net Operating Income: $358,817
  • Laundry Income: $1,783
Expense Details
  • Operating Expense: $232,141
  • New Taxes Expense: $102,391
  • Gardener Expense: $1,860
  • Fuel Expense: $6,550
  • Electric Expense: $27,312
  • Insurance Expense: $11,500
  • Maintenance Expense: $27,000
  • Professional Management Expense: $23,638
  • Workmans Compensation Expense: $4,200
  • Other Expense: $5,400
  • Other Expense Description: Reserves
  • Trash Expense: $13,429
  • Water Sewer Expense: $8,860
  • Total Expenses: $232,141
Tax / Assessment Info
  • Tax Block: 32
  • Tax Tract Number: 007
  • Tax Census Tract: 4814.03
  • CFD/Mello-Roos Fee: $8,087
  • Tax Lot: 004
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Lot 10000-19999 Sqft
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 15
  • Open Other Spaces Total: 15
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,935
  • Unit Type Total Rent: $3,870
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,523
  • Unit Type Total Rent: $3,046
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 32
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,365
  • Unit Type Total Rent: $43,705
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 36
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 1

Property History for 1232 South San Gabriel Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1232 South San Gabriel Boulevard

Taxable ValueLand$3,216,605Additions$2,642,173Total$5,858,778
Tax Record2024$84,761 ($7,063 / month)
Home Facts
Total Finished SqFt12,441 SqFtAbove Grade Finished SqFt12,441 SqFtStories1Lot Size16,541 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningSLC3*CountyLOS ANGELESAPN5372-004-007

Schools near 1232 South San Gabriel Boulevard

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Emma W. Shuey Elementary School
PublicK to 6

Muscatel Middle School
Public7 to 8

Rosemead High School
Public9 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.

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1232 South San Gabriel Boulevard is a multi-family home for sale in San Gabriel, CA 91776. This property was listed for sale on October 1, 2024 by RE/MAX 2000 REALTY, it's currently listed at $7,650,000. It has been on the market for a total of 80 days and was last sold on September 26, 2019. This listing's school districts are El Monte Union High School District, Rosemead Elementary School District. Nearby schools include Emma W. Shuey Elementary School, Muscatel Middle School and Rosemead High School. 1232 South San Gabriel Boulevard is a 3-bed, 36-bath, 12,441 sqft multi-family home built in 1963.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

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.