8 Units in Prime San Gabriel | 9074 Huntington Dr
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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.
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Property Facts
Price | $2,325,000 | Building Class | C |
Price Per Unit | $290,625 | Lot Size | 0.32 AC |
Sale Type | Investment | Building Size | 6,456 SF |
No. Units | 8 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1956 |
Apartment Style | Garden | Parking Ratio | 1.86/1,000 SF |
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 | - | - |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
Parcel Number | 5379-033-025 | Improvements Assessment | $733,899 |
Land Assessment | $1,712,432 | Total Assessment | $2,446,331 |
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 |
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8 Units in Prime San Gabriel | 9074 Huntington Dr
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