Emerald Apartments: San Gabriel
For Sale
$7,150,000
1232 South San Gabriel Boulevard, San Gabriel, CA 91776
36-unit multifamily investment in high-demand San Gabriel, California.
Property Size12,441 SF
Price / SF$574.71
Days on Market213
Property Features for 1232 South San Gabriel Boulevard
General Information
Standard status
Active
Size
12,441 SF
Property subtype
Multifamily
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Mar 25
Changed: Oct 19
Last Checked: Oct 23 at 4:45AM
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 CB RICHARD ELLIS
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Investment Insights
Based on property information with market context.
The Emerald Apartments, located in San Gabriel, California, features 36 units and offers investors immediate stability and long-term appreciation. The property is positioned within a supply-constrained submarket and provides access to the I-10, I-210, SR-60, I-605, and I-710 freeways, connecting residents to employment centers across Los Angeles, Orange, Riverside, and San Bernardino Counties. The property is located near the Mission District, the San Gabriel Mission, and the San Gabriel Mission Playhouse, as well as retail destinations including Rosemead Plaza, Camellia Square, and The Shops at Santa Anita. The property features classic architecture, landscaping, controlled gated entry, a central courtyard, on-site laundry facilities, and surface parking. The modernized interiors include kitchens with updated countertops, cabinetry, drawer fronts, appliances including oven ranges, refrigerators, and pantries, vinyl wood plank flooring, updated lighting and plumbing fixtures, ceiling fans, and vertical blinds. Each residence has wall-mounted A/C and heating units. The unit mix includes 32 studios, 2 one-bedroom/one-bath units, and 2 two-bedroom/two-bath units. The property is located in the San Gabriel Valley, which is recognized as a repeat finalist for the "Most Business-Friendly City" in LA County. The San Gabriel Valley Economic Partnership highlights that the region is powered by a $20+ billion economy, with top sectors in healthcare, education, and international trade.
Key Highlights
- Lowest price per unit on the market, offering significant value.
- Immediate 17% rental upside to market levels, providing a high‑yielding income stream.
- Strategic location in the core of San Gabriel Valley, with easy access to major freeways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,186
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,003,720
$4.0M
Cap Rate 7%
$2,859,800
$2.9M
Cap Rate 9%
$2,224,289
$2.2M
Market Conditions
NOI Build-Up for 12,441 SF
Gross rent
$395.6K $31.80/SF
− Vacancy
−$31.6K −$2.54/SF
EGI
$364.0K $29.26/SF
− OpEx
−$163.8K −$13.17/SF
NOI
$200.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,003,720
Cap Rate 7%
$2,859,800
Cap Rate 9%
$2,224,289
Alternative Uses
Best Use
Apartment 5plus
$2.86M
$2.50M – $3.34M
NOI $200,186 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.83M – $7.77M
NOI $466,260 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 91776, CA
38,031
Population
12,806
Households
3
Avg Household Size
42
Median Age
29%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
11,525
Density / Sq Mi
$79,926
Median Household Income
$37,548
Median Earnings
$1,825
Median Rent
$816,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 36-unit multifamily investment in high-demand San Gabriel, California.
Where is this apartment building located?
The property is located at 1232 South San Gabriel Boulevard San Gabriel, CA.
What is the asking price?
The asking price for this property is $7,150,000.
What are key features of this property?
This property features: Lowest price per unit on the market, offering significant value.; Immediate 17% rental upside to market levels, providing a high‑yielding income stream.; Strategic location in the core of San Gabriel Valley, with easy access to major freeways.
