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8 Units in Prime San Gabriel 9074 Huntington Dr

8 Unit Apartment Building $2,325,000 ($290,625/Unit) San Gabriel, CA 91775

Investment Highlights

  • Prime East San Gabriel Location Adjacent to Arcadia, Temple City, Rosemead, and Pasadena.
  • The Median Household Income within 1 mile is $88,333.
  • Separate Gas & Electric Meters, and Separate Hot Water Heaters.
  • The Median Home Value within 1 mile is $936,095, making this an extremely high barrier to entry homebuying area and excellent rental market for Income
  • Only 1.5 Miles to the 210 Freeway Rosemead Blvd/Michillinda South Exit and Sprouts, Whole Foods, and Hastings Village Shopping Center.
  • New Roof in 2023; New Exterior Paint and Driveway in 2024.

Executive Summary

The Ivy Manor is located in an excellent part of San Gabriel, just a few blocks from Arcadia, the Santa Anita Racetrack, and the Shops at Santa Anita. The property was built in 1956 and sits on an almost 14,000 SF lot, and features four (1Br+1Ba) apts and four (2Br+1Ba) apts. There is also rear detached carport parking and a rear storage unit, as well as open parking for a total of 12 parking spaces. The units are spacious and average over 800 SF. Occupied by long term tenants, there is tremendous rental upside of appx 80%! There is also potential to build ADU’s in the rear, further increasing the value-add component. With a new roof in 2023 and fresh asphalt and exterior paint in 2024, this is an ideal addition to any astute owner's portfolio.

Data Room Click Here to Access

Property Facts

Price $2,325,000
Price Per Unit $290,625
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.32 AC
Building Size 6,456 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.86/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Views

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
2+1 4 - -
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5379-033-025
Land Assessment
$1,712,432
Improvements Assessment
$733,899
Total Assessment
$2,446,331

zoning

Zoning Code LCR3YY
LCR3YY
  • Listing ID: 33512308

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 9074 Huntington Dr, San Gabriel, CA 91775

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