1232 S San Gabriel Blvd - Apartments FOR SALE


San Gabriel, CA 91776
$7,350,000 USD
909-418-2071
1232 S San Gabriel Blvd, San Gabriel, CA for Sale
$7,350,000 USD
Apartments - FOR SALE
1/61
null | 5.84% Cap Rate

1232 S San Gabriel Blvd
San Gabriel, CA 91776


HIGHLIGHTS

  • LOWEST PRICE PER UNIT & DESIRABLE SCALE: Featuring a mix of 32 Studios, 2 - 1BR/1BA, and 2 - 2BR/2BA units
  • ATTRACTIVE YIELD & FINANCIAL GROWTH: Competitively priced at $204,167 per unit ($591/SF), the asset delivers a solid 5.84% cap rate.
  • WELL-AMENITIZED COMMUNITY: Offering a secure environment with controlled gated entry, laundry facilities
  • EXTENSIVE RECENT CAPITAL IMPROVEMENTS: The asset features modernized interiors, including gourmet kitchens with updated cabinetry, countertops
  • ACCESS TO MAJOR EMPLOYMENT CENTERS: Perfectly positioned as a commuter hub, connecting residents to premier job markets
  • CORE SAN GABRIEL VALLEY: Situated in the "Birthplace of the Los Angeles Region"

OVERVIEW

CBRE is pleased to present the exclusive opportunity to acquire the Emerald Apartments, a premier 36-unit multifamily investment located in the high-demand core of San Gabriel, California. Offering the lowest price per unit on the market, this well-maintained asset at 1232 S. San Gabriel Boulevard provides investors a rare combination of immediate stability and long-term appreciation. It is perfectly positioned within one of the San Gabriel Valley’s most historic and supply-constrained submarkets. Strategic Location & Connectivity Known as the "Birthplace of the Los Angeles Region," San Gabriel blends rich cultural heritage with modern suburban convenience. Residents of the Emerald Apartments benefit from a sophisticated regional transportation network, enjoying seamless access to the I-10, I-210, SR-60, I-605, and I-710 freeways. This central positioning serves as a vital commuter hub, connecting the workforce to major employment centers across Los Angeles, Orange, Riverside, and San Bernardino Counties. The property is located just minutes from the vibrant Mission District, the city’s cultural heart featuring the historic San Gabriel Mission and the San Gabriel Mission Playhouse. Beyond local boutique dining and cafes, residents are a short drive from world-class retail destinations, including Rosemead Plaza, Camellia Square, and The Shops at Santa Anita, ensuring a comprehensive "live-work-play" environment. Exceptional Property & Unit Features The Emerald Apartments is defined by classic architecture and a professional blend of lush, mature greenery and sustainable, drought-resistant landscaping. Residents benefit from a comprehensive amenity package that includes controlled gated entry, a central courtyard, and a convenient on-site laundry facility, all complemented by a plethora of surface parking. The modernized interiors feature functional, open layouts designed for contemporary living, highlighted by gourmet kitchens with updated countertops, cabinetry, drawer fronts, and full-size appliances including modern oven ranges, refrigerators, and pantries. These high-end finishes are further enhanced by durable vinyl wood plank flooring, updated lighting and plumbing fixtures, ceiling fans, and vertical blinds. Each residence ensures year-round comfort with dedicated wall-mounted A/C and heating units within a strictly smoke-free community. Investment Stability & Opportunity This stable, well-maintained asset provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a premier submarket. The property’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, this offering provides long-term stability and an exceptional foothold in the thriving San Gabriel Valley economy.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$591 USD /SF

# OF UNITS

36

PRICE/UNIT

$204,167

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,541 SF

ZONING

SLC3*

APN/PARCEL ID

5372-004-007

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.