1520 Abbot Ave - Apartments FOR SALE


San Gabriel, CA 91776
$1,995,000 USD
310-968-6049
1520 Abbot Ave, San Gabriel, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/21
null | 2.67% Cap Rate

1520 Abbot Ave
San Gabriel, CA 91776


HIGHLIGHTS

  • For the first time in 19 years, this 5-unit apartment building is being offered for sale
  • Located just north of Valley Blvd in an A+ neighborhood known for its walkability, with a Walk Score of 86
  • Built in 1985, this newer construction property features a desirable unit mix: One 3-bedroom, 2-bath unit and Four 2-bedroom, 2-bath units
  • All units are spacious, include central air and heat, and offer on-site secured parking
  • Each unit also has its own water heater and is separately metered for gas and electricity
  • Easy access to shopping, dining, and daily conveniences along the Valley Blvd retail corridor, just a short walk away

OVERVIEW

For the first time in 19 years, this 5-unit apartment building is being offered for sale - located just north of Valley Blvd in an A+ neighborhood known for its walkability, with a Walk Score of 86. Built in 1985, this newer construction property features a desirable unit mix: One 3-bedroom, 2-bath unit and Four 2-bedroom, 2-bath units. All units are spacious, include central air and heat, and offer on-site secured parking. Each unit also has its own water heater and is separately metered for gas and electricity - keeping expenses low and operations simple. Easy access to shopping, dining, and daily conveniences along the Valley Blvd retail corridor, just a short walk away. The property is only subject to California's statewide AB 1482 rent control - there's no local rent ordinance in place. This is a pride-of-ownership property in one of San Gabriel's most desirable rental markets. Property is located on Abbot Avenue which is a road that curves from Valley Blvd and ends at Prospect Avenue. The nearest major cross street is Valley Blvd and S New Ave (or Del Mar Ave which is the major cross street on the other side). Please do not contact occupants, do not walk on property, drive by only.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,000

CAP RATE

2.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units | A+ San Gabriel Location 1985 Built

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,248 SF

ZONING

SLR3*

APN/PARCEL ID

5360-018-049

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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