$387.35 Per Sq Foot $11,703 est/mo Sourced by Back At You

234 S Pine Street,San Gabriel, CA 91776

San Gabriel CA, 91776

Share with a friend

Description

Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies. Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware, recess lighting, and recently renovated bathrooms with updated vanities and designer fixtures. Additionally, most units offer wood-style laminate flooring in the living room, and tile flooring in the kitchen and dining area, and carpet in the bedrooms upstairs. There are two parking spaces allocated for each unit. Soft story retrofit is not required. In addition, the asset is outfitted with surveillance cameras and a gated entrance to enhance security. Currently, three out of the five units are being rented near market value. There is approximately a 20% potential increase in rental income, providing investors with an opportunity to fully stabilize an asset situated in a highly sought-after location with minimal available inventory. The absence of local rent control laws in San Gabriel simplifies the process for owners to stabilize this asset, with rental increases capped at 5% plus the Consumer Price Index (CPI) annual adjustments.

Details

MLS#24387891
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1977
Days On Site17
Listing Provided ByKidder Mathews of California, Inc. 858-369-3010 | Mark Ventre

Features

SQ Feet5,628
Story(s)2
Units5
Building(s)1
ZoningSLR3*
Acreage0.18

Market Activity 91776

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 15 minutes ago

Contact

Learn More About This Property

StateCA
CountyLos Angeles
CitySan Gabriel
Zip Code91776
Area654 San Gabriel
Listing VS Median (in 91776)
Price:
$2,180,000
low | high
Med:
$900,000
100% of Average
SqFt:
5,628
low | high
Med:
1,450
100% of Average
$ / SqFt:
$387
low | high
Med:
$621
10.240430243594% of Average
On Site:
17
low | high
Med:
11.000000
100% of Average
Sourced by Back At You
Listing Updated: May 3, 2024 at 8:58:43 PM PDT