Listed by ALEX LAI with Longo Realty, Inc.

1232 S San Gabriel Boulevard

San Gabriel, CA, 91776

$7,799,999

$626 per ft²
$7,799,999
$626 per ft²
Active
Active
 - For Sale
carpenters-square
12,441 ft²
property_type
Multi-family
calendar
Built 1963
RARE GEM IN THE HEART OF SAN GABRIEL. WITHIN DISTANCE OF PACIFIC SQUARE SAN GABRIEL NEWEST MIX USE, A 925,325 SF PROJECT. Built in 1963, Emerald Beach Apartments is a 36 Unit Single Building. The property is located conveniently within shops and restaurants on Valley Blvd and San Gabriel Blvd. The property is situated 1 mile from San Gabriel Square, Focus Plaza, Sheraton, "The One" and more Mixed Use Projects. 1/2 Mile North of the Property boasts a new Mixed Use Development by Pacific Square and Rubio Village. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units and thirty-two (32) studio one bathroom units, with (17) seventeen designed parking spaces, with plenty of street parking. 20 OF THE 36 UNITS ARE RENOVATED, PROPERTY IS CURRENTLY 94% OCCUPIED. CURRENT CAP RATE OF 4.32% AT CURRENT OCCUPANCY, 5.62% ESTIMATED AT PROFORMA
MLS® ID:
WS23041662
Listed:
3/12/23
Updated:
3/27/23
Coldwell Banker Global Luxury
Ash Rizk
Mobile: 626-393-5695Email: arizk@coldwellbanker.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area, See Remarks

Exterior/Building Features

Lot Size
0.38 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
654 - San Gabriel
Association Amenities
Curbs, Storm Drain(s), Street Lights, Sidewalks
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
SLC3*
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/27/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/27/23 at 7:47 PM UTC

Coldwell Banker Global Luxury
Ash Rizk
Mobile: 626-393-5695Email: arizk@coldwellbanker.com
Contact