Residential Income Triplex
1031 Prospect San Gabriel, CA 91776
1031 Prospect, San Gabriel, CA, 91776
Contact for pricing
For Sale
Contact for pricing
Three separate living areas provide flexible owner-occupant and income potential opportunities.
Property Size2,420 SF
Price / SF$578.10
Days on Market35
Property Features for 1031 Prospect
General Information
- Standard status
- Active
- Size
- 2,420 SF
- Property subtype
- Multifamily
Listing Agency
Standard Prosperity
Listed by
James Y. Kuang · License #CA 01906627
Source
Crexi
Added: Jun 13 Checked: Jul 17 at 4:51 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Standard Prosperity
Investment Insights
Based on property information with market context.
This for-sale residential income triplex combines a main residence with two additional enclosed living areas. The seller reports approximately 2,420 square feet of usable space, including a 3-bedroom, 2-bath main house (about 1,400 square feet), a 1-bedroom, 1-bath enclosed patio conversion area (about 700 square feet), and a detached 1-bedroom, 1-bath granny flat (about 320 square feet). Public records reflect a 4-bedroom, 2-bath configuration at 1,634 square feet. Buyer is to independently verify square footage, permits, uses, and legal status of all improvements.
The property is located in the San Gabriel Village neighborhood and is described as being convenient to San Gabriel High School, Almansor Park, and the Valley Boulevard dining and shopping corridor. The home’s multiple living areas support a variety of household arrangements while keeping separate spaces under one roof.
For an owner-user, the layout can accommodate extended family, multigenerational living, guest accommodations, or a home office while the additional units may help offset housing expenses. The seller reports current or historical rents for the main house and enclosed patio conversion, and notes $0.00 for the granny flat with $1,300 reported in the past. Terms, income, and all use approvals should be confirmed by the buyer during due diligence.
The property is located in the San Gabriel Village neighborhood and is described as being convenient to San Gabriel High School, Almansor Park, and the Valley Boulevard dining and shopping corridor. The home’s multiple living areas support a variety of household arrangements while keeping separate spaces under one roof.
For an owner-user, the layout can accommodate extended family, multigenerational living, guest accommodations, or a home office while the additional units may help offset housing expenses. The seller reports current or historical rents for the main house and enclosed patio conversion, and notes $0.00 for the granny flat with $1,300 reported in the past. Terms, income, and all use approvals should be confirmed by the buyer during due diligence.
Key Highlights
- Approx. 2,420 sq ft usable space with 3 separate living areas: main residence, enclosed patio conversion, and detached granny flat
- Main residence: 3 bed/2 bath totaling 1,400 sq ft
- Enclosed patio conversion: 1 bed/1 bath approx. 700 sq ft (rent shown as $1,700/mon)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $27.00 |
| − Vacancy | −$5.0k | −$2.05 |
| EGI | $60.4k | $24.95 |
| − OpEx | −$18.1k | −$7.48 |
| NOI | $42.3k | $17.46 |
2,420 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.7K
$528.3K – $704.4K
NOI $42,262 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$556.3K
$486.8K – $649.0K
NOI $38,940 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate living areas provide flexible owner-occupant and income potential opportunities.
Where is this triplex located?
The property is located at 1031 Prospect San Gabriel, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Approx. 2,420 sq ft usable space with 3 separate living areas: main residence, enclosed patio conversion, and detached granny flat; Main residence: 3 bed/2 bath totaling 1,400 sq ft; Enclosed patio conversion: 1 bed/1 bath approx. 700 sq ft (rent shown as $1,700/mon)
