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Key Details
Sold Price $1,890,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P0-818004511
Sold Date 01/28/19
HOA Y/N No
Year Built 1925
Lot Size 0.330 Acres
Property Description
PRICED TO SELL - HIGHEST CAP RATE IN SAN GABRIEL! AGGREGATE INVESTMENT PARTNERS is pleased to present the opportunity to purchase this 7 unit multifamily apartment complex in San Gabriel, California. Located on the quiet street of Stevens Avenue, this 7-unit multi-family property is truly an investor's dream realized. At the end of the street there is a spectacular view of Vincent Lugo Park. Offering a +/-4,702 square feet of building space on a +/-14,424 square feet lot, the property is comprised of a front house with a renovated 3 bed / 2 bath, a newer 1984-built duplex with 2 (two) 2 bed / 1 bath, and a four-plex with 4 (four) 1 bed / 1 bath. With a total of fourteen parking spaces (6 garage, 6 tuck-under, and 2 open), an owner can offer potential tenants ample parking.Furthermore, the property does not maintain a laundry room, allowing a future owner to install machines that will yield an increased income stream. The storage units can also be leased to tenants for additional income. Located on a cul-de-sac, the property offers a peaceful surrounding and is conveniently located within a 5 minute walk to Valley Blvd, restaurants, CVS, grocery store, and a 10 minute walk to Almansor Park.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLR3YY
Interior
Flooring Laminate
Fireplace No
Exterior
Garage Attached Carport, Door-Single, Garage, One Space, On Street
Garage Spaces 6.0
Garage Description 6.0
Community Features Park
Parking Type Attached Carport, Door-Single, Garage, One Space, On Street
Total Parking Spaces 6
Building
Lot Description Cul-De-Sac, Flag Lot, Near Park
Story 2
Entry Level One,Two
Level or Stories One, Two
Others
Senior Community No
Tax ID 5360013018
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Tzu-ning Chang • Keller Williams Realty