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1349 Elm Ave San Gabriel, CA 91775

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For Sale
$6,900,000

Well-maintained 14-unit apartment building in a desirable San Gabriel location.

Lot size:
0.42 Acres

Property Features for 1349 Elm Ave

General Information

Property type
Investment
Standard status
Active
Lot size
0.42 Acres

Building Details

Year built
1988

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Listing Contact
Monica Young
Source: Elliman

Listing Agent: Monica Young

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

San Gabriel Multifamily Investment Opportunity

This 14-unit apartment building is located in San Gabriel. The gated property, on the market for the first time in 26 years, offers approximately 15,384 square feet of rentable space on an 18,362 square foot R3-zoned lot with 80 feet of street frontage. The unit mix includes 3-bedroom/2-bathroom and 2-bedroom/2-bathroom floor plans. Each unit features central air conditioning and heating, individual water heaters, and separate gas and electric meters. Residents have access to two dedicated covered parking spaces and an on-site laundry facility. The property is located near the intersection of Rosemead Boulevard and Las Tunas, near retail destinations including Camellia Square, GW Supermarket, Chuze Fitness, and Elm Shopping Center, as well as newly built luxury apartment developments. The property features manicured front and back yards. Most units are currently occupied, generating immediate income.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
San Gabriel
County
Los Angeles
State
California
Longitude
-118.0785049
Latitude
34.1052709

FAQs

What type of property is this?
Apartment building - Well-maintained 14-unit apartment building in a desirable San Gabriel location.
Where is this apartment building located?
The property is located at 1349 Elm Ave San Gabriel, CA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: - Rare 14-unit apartment building in highly desirable San Gabriel, on the market for the first time in 26 years.; - Strong income potential with rent upside in a growth market.; - Spacious 3BR/2BA and 2BR/2BA floor plans.
More about this property
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