142 W Live Oak St - Apartments FOR SALE


San Gabriel, CA 91776
$2,200,000 USD
626-484-1897
142 W Live Oak St, San Gabriel, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/15
null | 2.18% Cap Rate

142 W Live Oak St
San Gabriel, CA 91776


HIGHLIGHTS

  • Prime value-add apartments in the heart of City of San Gabriel with ± 60% rental upside potential
  • First Time on the Market. Same ownership for 0ver 50 years
  • Prime location nearby San Gabriel Country Club
  • Excellent unit mix of one large 3-bedroom Owners Unit, one 1 bedroom and four 2-bedrooms units

OVERVIEW

First time on the market in over 50 years. The Live Oak Apartments are located in the city of San Gabriel. 6 units consisting of (1) three-bedroom/two Bath Owners Unit, (1) One Bedroom/One Bath (2) Two Bedroom, one Bath and (2) two Bedroom/two bath units. The front threebedroom two bath owners units is over 1500 Sq. ft. with private gated front yard and side patio. This unit has a private patio, large sitting room and separate living room. All units have central air and heat. There are 11 total Parking Spaces consisting of 4-tuck under, 2 carport and 5 open spaces. There is an onsite laundry facility. The property is in the heart of the City of San Gabriel nearby the to San Gabriel Country Club and just minutes away from Valley Blvd & Del Mar Blvd. Tenants have ease of access to myriads of stores, restaurants, and shopping options along Valley Blvd. It is also within minutes from FWY 10 that connects to downtown Los Angeles. Public transportations are abundant along San Gabriel Blvd and Valley Blvd. The property is within a residential area and has a strong occupancy history due to its excellent location. Only subject to AB1482, no other local rent control ordinance. The city of San Gabriel itself is bordered by city of San Marino, Pasadena, Arcadia, Temple City, and Alhambra. Plenty of room to add ADU's (buyer to verify).

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

2.18%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,883 SF

ZONING

SLR3*

APN/PARCEL ID

5362-024-001

ASK ABOUT THIS PROPERTY

Kevin HurleyBridge Investment GroupMore Info
626-484-1897

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Kevin HurleyBridge Investment GroupMore Info
626-484-1897

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