312 S Pine St - Apartments FOR SALE


San Gabriel, CA 91776
$1,688,888 USD
213-233-4379
312 S Pine St, San Gabriel, CA for Sale
$1,688,888 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

312 S Pine St
San Gabriel, CA 91776


HIGHLIGHTS

  • Eric Dilanian and Shant Sherbetdjian are pleased to present a rare for-sale opportunity, offered to the market for the first time in over 40 years!
  • Newer Construction Built in 1977: Stands out from surrounding older rental stock with efficient layouts and enduring appeal to today’s renters
  • Highly Desirable Well-Balanced Unit Mix: (1) 3 Bed + 2 Bath, (3) 2 Bed + 1 Bath, (1) 1 Bed + 1 Bath
  • Strong Rental Upside | ±40%: Clear value-add opportunity through upgrades and future rent growth | Only Subject to AB 1482, No Local Rent Control
  • Prime San Gabriel Location | San Marino Adjacent: Charming neighborhood with strong community feel, excellent schools, and consistent housing demand
  • 87 Walk Score | Very Walkable: Walking distance to shops, cafés, and restaurants along Las Tunas Dr & San Gabriel Blvd

OVERVIEW

Eric Dilanian and Shant Sherbetdjian of RE/MAX Commercial & Investment Realty, are pleased to present for sale a rare San Gabriel offering—First Time on the Market in 40 Years. Nestled in one of San Gabriel’s most desirable residential pockets, this 5-unit apartment community is being offered for sale for the first time in four decades. Built in 1977, the property stands out from the area’s older rental stock, offering newer construction, thoughtful layouts, and a level of comfort that today's renters continue to seek. Its well-balanced unit mix—including a spacious three-bedroom/two-bath residence, three two-bedroom/one-bath units, and a one-bedroom/one-bath apartment—caters to a broad renter demographic and supports long-term occupancy. Boasting an impressive 87 Walk Score, the property sits within easy reach of the vibrant shops, cafés, and restaurants along Las Tunas Drive and San Gabriel Boulevard. Residents enjoy the convenience of central air conditioning and heating in every unit, a notable amenity in the San Gabriel Valley market. With an estimated 40% rental upside, the building offers clear potential for value-add improvements and future income growth. Situated in a charming neighborhood bordering San Marino, the asset benefits from a strong sense of community, excellent local schools, and enduring housing demand. And with no local rent control—only statewide AB 1482 regulation—investors have the flexibility to implement strategic upgrades and reposition the property over time. This long-held property represents an exceptional opportunity to acquire a well-located, multifamily asset with meaningful upside in one of the San Gabriel Valley’s most sought-after neighborhoods. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Montebello, Silver Lake, and Alhambra. Properties can be sold together as a portfolio or individually. DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE.

FOR SALE DETAILS

PRICE

$1,688,888 USD

PRICE/SF

$132 USD /SF

# OF UNITS

5

PRICE/UNIT

$337,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units San Gabriel | Bordering San Marino

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

SLR3*

APN/PARCEL ID

5367-032-016

ASK ABOUT THIS PROPERTY

Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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