Two Homes, One
For Sale
$2,398,888
417 Norwood Pl, San Gabriel, CA 91776
Two updated homes on one lot in San Gabriel.
Property Size5,200 SF
Price / SF$461.32
Days on Market98
Property Features for 417 Norwood Pl
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Investment
Building Details
Year Built
2006
Listing Agency:
(720) 530-5000
Listed By:
Eric Mott
(720) 530-5000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 6:37AM
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 Eric Mott
Investment Insights
Based on property information with market context.
This unique property in San Gabriel features two separate homes on a single lot, suitable for multi-generational living or investment. The combined living space offers 8 bedrooms and 7 bathrooms, totaling approximately 5,200 square feet. The front residence, built in 2006, spans approximately 2,476 square feet and includes 4 bedrooms, 3 bathrooms, and a 4-car attached garage. The rear residence provides approximately 2,729 square feet with 4 bedrooms, 4 bathrooms, and a 1-car attached garage, plus an unfinished 900 square foot basement. The property includes a total of 5 garage spaces and 2 uncovered parking spaces. Both homes have been updated with new interior and exterior paint, new flooring, stainless steel appliances, and select new bathroom vanities and Quartz kitchen countertops. The back unit also features new windows. Leased solar panels are installed to reduce energy costs and will be transferred to the buyer. Both homes are equipped with fire suppression systems. The outdoor area includes yard space with 15 varieties of mature fruit trees. Located in the Alhambra School District, the property is situated less than a block from Marshall Park, which offers a playground, walking/jogging path, lighted basketball courts, a multi-purpose field, and picnic shelters. The location is considered very walkable with a walk score of 76 and bikeable with a bike score of 55.
Key Highlights
- Two separate, turnkey homes on one lot: Ideal for multi‑generational living or investment.
- Combined 8 bedrooms and 7 bathrooms across approximately 5,200 sq ft of living space.
- Updated interiors feature new paint, flooring, stainless steel appliances, bathroom vanities, and Quartz kitchen countertops.
Financial Insights For Multifamily LT 5
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 | $140.4k | $27.00 |
| − Vacancy | −$10.7k | −$2.05 |
| EGI | $129.7k | $24.95 |
| − OpEx | −$38.9k | −$7.48 |
| NOI | $90.8k | $17.46 |
5,200 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.51M
NOI $90,811 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.39M
NOI $83,672 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,884 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,733
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated homes on one lot in San Gabriel.
Where is this duplex located?
The property is located at 417 Norwood Pl San Gabriel, CA.
What is the asking price?
The asking price for this property is $2,398,888.
What are key features of this property?
This property features: Two separate, turnkey homes on one lot: Ideal for multi‑generational living or investment.; Combined **8 bedrooms and 7 bathrooms** across approximately **5,200 sq ft** of living space.; Updated interiors feature new paint, flooring, stainless steel appliances, bathroom vanities, and Quartz kitchen countertops.
