$212k Per Unit in San Gabriel!!! | 1232 S San Gabriel Blvd
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$212k Per Unit in San Gabriel!!! 1232 S San Gabriel Blvd
36 Unit Apartment Building $7,650,000 ($212,500/Unit) 4.69% Cap Rate San Gabriel, CA 91776
Investment Highlights
- UNBEATABLE LOCATION IN THE HEART OF THE SAN GABRIEL VALLEY!
- (32) Studios, (2) 1-Bed/1-Bath Units & (2) 2-Bed/1-Bath Units
- Tenant Amenities Include Laundry Room and On-Site Parking
- $212,500 Per Unit! | 12.5 GRM
- One Block from San Gabriel Boulevard and Valley Boulevard Intersection
- Significant Capital Improvements: 64% of Units Substantially Remodeled, Upgraded Electrical Panels, Newer Exterior Paint, Roof & Walkways
Executive Summary
We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units.
Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking.
Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs.
Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking.
Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs.
Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$607,452
|
$48.83
|
| Other Income |
$1,783
|
$0.14
|
| Vacancy Loss |
$18,277
|
$1.47
|
| Effective Gross Income |
$590,958
|
$47.50
|
| Taxes |
$102,391
|
$8.23
|
| Operating Expenses |
$129,750
|
$10.43
|
| Total Expenses |
$232,141
|
$18.66
|
| Net Operating Income |
$358,817
|
$28.84
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $607,452 |
| Annual Per SF | $48.83 |
| Other Income | |
|---|---|
| Annual | $1,783 |
| Annual Per SF | $0.14 |
| Vacancy Loss | |
|---|---|
| Annual | $18,277 |
| Annual Per SF | $1.47 |
| Effective Gross Income | |
|---|---|
| Annual | $590,958 |
| Annual Per SF | $47.50 |
| Taxes | |
|---|---|
| Annual | $102,391 |
| Annual Per SF | $8.23 |
| Operating Expenses | |
|---|---|
| Annual | $129,750 |
| Annual Per SF | $10.43 |
| Total Expenses | |
|---|---|
| Annual | $232,141 |
| Annual Per SF | $18.66 |
| Net Operating Income | |
|---|---|
| Annual | $358,817 |
| Annual Per SF | $28.84 |
Property Facts
| Price | $7,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 4.69% | Building Size | 12,441 SF |
| Gross Rent Multiplier | 12.56 | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Price | $7,650,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| Gross Rent Multiplier | 12.56 |
| 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 | 1.21/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | $1,325 | - |
| 1+1 | 2 | $1,523 | - |
| 2+1 | 2 | $1,935 | - |
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5372-004-007 | Total Assessment | $5,843,498 (2024) |
| Land Assessment | $3,216,605 (2024) | Annual Taxes | $102,391 ($8.23/SF) |
| Improvements Assessment | $2,626,893 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5372-004-007
Land Assessment
$3,216,605 (2024)
Improvements Assessment
$2,626,893 (2024)
Total Assessment
$5,843,498 (2024)
Annual Taxes
$102,391 ($8.23/SF)
Tax Year
2023
zoning
| Zoning Code | SLC3* (Commercial) |
| SLC3* (Commercial) |
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$212k Per Unit in San Gabriel!!! | 1232 S San Gabriel Blvd
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