346 San Marcos St - Apartments FOR SALE


San Gabriel, CA 91776
$5,300,000 USD
626-286-5222
346 San Marcos St, San Gabriel, CA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/10
null | 3.81% Cap Rate

346 San Marcos St
San Gabriel, CA 91776


HIGHLIGHTS

  • Situated in the heart of the San Gabriel Mission district
  • Each unit features central A/C and heating, individual water heaters, separate gas and electric meters, and covered parking
  • Access to an on-site laundry facility, some units have in-unit laundry

OVERVIEW

First time on the market in 24 years! Situated in the heart of San Gabriel’s Mission District, this well-maintained 10-unit apartment building features a unit mix of 3br/2ba and 2br/2 ba units on an expansive 14,000 SF lot. Each unit includes central AC/heating, individual water heaters, and some units feature in-unit laundry, newer flooring, and a freshly painted interior. Gas and electric are individually metered, and there is one master water meter serving the property. On-site amenities include dedicated covered parking spaces for all units and common laundry facility. Most units are occupied by long-term tenants, providing immediate income and upside potential for rent growth. The property sits in a high-demand rental market with a Walk Score of 81, located in close proximity to the retail centers along Las Tunas, San Gabriel Valley Medical Center and key commuter corridors including Valley Blvd and Alhambra’s Main St., and easy access to neighboring cities of San Marino and Alhambra. This property offers immediate income, future appreciation, and long-term investment value in one of the most desirable neighborhoods in the San Gabriel Valley.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

10

PRICE/UNIT

$530,000

CAP RATE

3.81%

% 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

1989

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,100 SF

ZONING

R3,San Gabriel

APN/PARCEL ID

5346-027-027

ASK ABOUT THIS PROPERTY

Elizabeth KhoJoy Realty Group IncMore Info
626-286-5222

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Elizabeth KhoJoy Realty Group IncMore Info
626-286-5222

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