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Emerald Apartments 1232 S San Gabriel Blvd 36 Unit Apartment Building $7,600,000 ($211,111/Unit) San Gabriel, CA 91776
Investment Highlights
- Walking distance to Valley Blvd and San Gabriel Blvd intersection.
- Convenient location with many restaurants, supermarkets, coffee/tea shops, and retail shops nearby.
- Significant capital improvements have been made in recent years.
Executive Summary
36-Unit Multi-Family Apartment in San Gabriel walking distance to one of the busiest intersections (Valley Blvd and San Gabriel Blvd). The property features 32 studio apartments, two 1-bedroom/1-bath units, and two 2-bedroom/1-bath units. The majority of the property has been substantially renovated, with 90% of the units upgraded to include new flooring, bathrooms, kitchens, cabinets, and countertops. Tenants benefit from convenient on-site laundry facilities and parking located at the rear of the property, along with plenty of street parking. Significant capital improvements have been made in recent years, including a new roof completed in 2022, a replaced CCTV system in 2023, and the installation of two brand-new water heaters in 2024. Additionally, plumbing in the front of the building was replaced in 2024, and a new water pump was installed in 2020. The pool was emptied and filled in 2020, simplifying maintenance and liability. Convenient location with many restaurants, supermarkets, coffee/tea shops, and retail shops nearby.
DOWNLOAD FULL MARKETING PDF VIA LINK:
https://www.donaldlarealty.com/commercial/properties/1232sangabrielblvd/
DOWNLOAD FULL MARKETING PDF VIA LINK:
https://www.donaldlarealty.com/commercial/properties/1232sangabrielblvd/
Property Facts
| Price | $7,600,000 | Building Class | C |
| Price Per Unit | $211,111 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 12,441 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.37/1,000 SF |
| Zoning | SLC3* - Commercial | ||
| Price | $7,600,000 |
| Price Per Unit | $211,111 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 12,441 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | SLC3* - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | 300 |
| 1+1 | 2 | - | 650 |
| 2+1 | 2 | - | 900 |
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Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 5372-004-007 | Improvements Assessment | $2,679,430 |
| Land Assessment | $3,280,937 | Total Assessment | $5,960,367 |
Property Taxes
Parcel Number
5372-004-007
Land Assessment
$3,280,937
Improvements Assessment
$2,679,430
Total Assessment
$5,960,367
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Emerald Apartments | 1232 S San Gabriel Blvd
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