$3,750,000
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1548 New Ave San Gabriel, CA 91776
12 Beds
10 Baths
6,244 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,244 sqft
Price per Sqft $544
MLS Listing ID 24-368801
Bedrooms 12
Year Built 1960
Lot Size 10,406 Sqft
Property Description
We are proud to present 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops. Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units. Situated on a spacious 10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike.
Location
State CA
County Los Angeles
Area San Gabriel
Zoning SLR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Window Unit(s)
Equipment Range/Oven
Exterior
Garage Parking Space
Garage Spaces 12.0
Amenities Available None
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Realty Investment Advisors, Inc.