Six-Unit Apartment
For Sale
$2,300,000
309 S Del Mar, San Gabriel, CA 91776
Uniform two-bedroom apartments with individual garages, tenant storage, open parking, and on-site laundry facilities.
Property Size5,500 SF
Lot Size0.23 Acres
Price / SF$418.18
Days on Market53
Property Features for 309 S Del Mar
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
12
Lot size
0.23 Acres
Property subtype
Apartment
Zoning
SLR3
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$124,320
Amenities
on-site laundry room
gated entry
individual tenant storage
Building Details
Building Size
5,500 SF
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
FOCUS PROPERTY SERVICES, INC.
Listed By:
CHUNG-TAO LEE · License #01227475
(626) 443-8680
Source:
Velocityrealtysd
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 26 at 9:42PM
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 FOCUS PROPERTY SERVICES, INC.
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Investment Insights
Based on property information with market context.
This apartment property comprises six two-bedroom, one-bath residences arranged across two legal parcels. Built in 1978, the approximately 5,500-square-foot building sits on 9,885 square feet of combined land and carries SLR3 zoning. Each residence has wall AC, while the property includes a tile and flat roof configuration and an on-site laundry room.
Parking includes 12 spaces: six enclosed garages located behind a gated entry and six open stalls. Individual tenant storage is provided with the garages. Gas and electricity are separately metered. The property is fully occupied by long-term tenants under month-to-month arrangements.
Located at 309 S Del Mar in San Gabriel, the property provides access to the Valley Boulevard commercial corridor, area supermarkets, and the I-10.
Parking includes 12 spaces: six enclosed garages located behind a gated entry and six open stalls. Individual tenant storage is provided with the garages. Gas and electricity are separately metered. The property is fully occupied by long-term tenants under month-to-month arrangements.
Located at 309 S Del Mar in San Gabriel, the property provides access to the Valley Boulevard commercial corridor, area supermarkets, and the I-10.
Key Highlights
- Six units, each with 2 bedrooms and 1 bath
- Approximately 5,500 SF on 9,885 SF of combined land
- 12 parking spaces: six enclosed garages and six open stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,499
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,980
$1.8M
Cap Rate 7%
$1,264,271
$1.3M
Cap Rate 9%
$983,322
$983.3K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$174.9K $31.80/SF
− Vacancy
−$14.0K −$2.54/SF
EGI
$160.9K $29.26/SF
− OpEx
−$72.4K −$13.17/SF
NOI
$88.5K $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 Rate 5%
$1,769,980
Cap Rate 7%
$1,264,271
Cap Rate 9%
$983,322
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,499 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.44M
NOI $206,128 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,909
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Uniform two-bedroom apartments with individual garages, tenant storage, open parking, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 309 S Del Mar San Gabriel, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Six units, each with 2 bedrooms and 1 bath; Approximately 5,500 SF on 9,885 SF of combined land; 12 parking spaces: six enclosed garages and six open stalls
