1380 Elm Avenue
San Gabriel, CA 91775
- – beds
- – baths
- – sqft
- 11,325 sqft lot
- 1947 build
- – on site
We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.
Listed By CRMLS_CA / Ryan Loria / Triqor Group
Last checked:
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Last updated May 3, 2024
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MLS# PW24082238 —
Walk Score®
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Bike Score®
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Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/2/24
May 2, 2024
|
Pending | CRMLS_CA | $1,680,000 | |
4/24/24
Apr 24, 2024
|
Listed / Active | CRMLS_CA | $1,680,000 |