9-Unit Apartment
For Sale
$2,211,981
302 East Broadway, San Gabriel, CA 91776
Two-story multifamily property with a mix of one-bedroom and three-bedroom residences in San Gabriel.
Property Size5,626 SF
Lot Size0.46 Acres
Price / SF$393.17
Days on Market91
Property Features for 302 East Broadway
General Information
Standard status
Active
Size
5,626 SF
Lot size
0.46 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$198,480
Multifamily Units
9
Building Details
Year Built
1954
Buildings
1
Stories
2
Listing Agency:
CBRE - Ontario
(909) 418-2071
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 31 at 2:54PM
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.
Broadway Garden Apartments is a two-story, 9-unit multifamily property constructed in 1954 on a single parcel. The building contains a mix of one-bedroom/one-bathroom and three-bedroom/two-bathroom units, with residences averaging 625 square feet. The property includes approximately 5,626 square feet of building area on approximately 20,043 square feet of land.
The property is located at 302 East Broadway in San Gabriel, between South Del Mar Avenue and San Gabriel Boulevard. Hilton Plaza and the Sheraton Hotel are nearby, while the Mission District is approximately five minutes away. The location also provides access to shopping centers, restaurants, the I-210 and I-10 freeways, Pasadena, Downtown Los Angeles, and neighboring communities throughout the San Gabriel Valley.
The property is located at 302 East Broadway in San Gabriel, between South Del Mar Avenue and San Gabriel Boulevard. Hilton Plaza and the Sheraton Hotel are nearby, while the Mission District is approximately five minutes away. The location also provides access to shopping centers, restaurants, the I-210 and I-10 freeways, Pasadena, Downtown Los Angeles, and neighboring communities throughout the San Gabriel Valley.
Key Highlights
- 9‑unit, two‑story apartment property built in 1954
- Approximately 20,043 square feet of land on one parcel
- Approximately 5,626 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,810,540
$1.8M
Cap Rate 7%
$1,293,243
$1.3M
Cap Rate 9%
$1,005,856
$1.0M
Market Conditions
NOI Build-Up for 5,626 SF
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.
Gross rent
$178.9K $31.80/SF
− Vacancy
−$14.3K −$2.54/SF
EGI
$164.6K $29.26/SF
− OpEx
−$74.1K −$13.17/SF
NOI
$90.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,810,540
Cap Rate 7%
$1,293,243
Cap Rate 9%
$1,005,856
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,527 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.64M – $3.51M
NOI $210,850 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,758
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with a mix of one-bedroom and three-bedroom residences in San Gabriel.
Where is this apartment building located?
The property is located at 302 East Broadway San Gabriel, CA.
What is the asking price?
The asking price for this property is $2,211,981.
What are key features of this property?
This property features: 9‑unit, two‑story apartment property built in 1954; Approximately 20,043 square feet of land on one parcel; Approximately 5,626 square feet of building area
