Emerald Apartments: San Gabriel
1232 South San Gabriel Boulevard San Gabriel, CA 91776
1232 South San Gabriel Boulevard, San Gabriel, CA, 91776
$7,150,000
For Sale
$7,150,000
36-unit multifamily investment in high-demand San Gabriel, California.
Property Size12,441 SF
Price / SF$574.71
Days on Market115
Property Features for 1232 South San Gabriel Boulevard
General Information
- Standard status
- Active
- Size
- 12,441 SF
- Property subtype
- Multifamily
Listing Agency
CBRE - Ontario
(909) 418-2071
Listed by
Eric Chen · License #01489184
(909) 418-2071
Source
Cbre
Added: Mar 25 Checked: Jul 17 at 3:57 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 CBRE - Ontario
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.
Local Financial Insights For Apartment 5plus
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 | $395.6k | $31.80 |
| − Vacancy | −$31.6k | −$2.54 |
| EGI | $364.0k | $29.26 |
| − OpEx | −$163.8k | −$13.17 |
| NOI | $200.2k | $16.09 |
12,441 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Emerald Apartments
Apartment Building
Fad Hats
Hat Shop
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FAQs
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.
