6230 N San Gabriel Blvd - Apartments FOR SALE


San Gabriel, CA 91775
$4,250,000 USD
818-970-0915
6230 N San Gabriel Blvd, San Gabriel, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/14
null | 6.6% Cap Rate

6230 N San Gabriel Blvd
San Gabriel, CA 91775


HIGHLIGHTS

  • Significant Upside Potential
  • Five Units Delivered Vacant
  • ADU Potential
  • Large Courtyard
  • 26 Parking Spaces

OVERVIEW

Prime San Gabriel Valley location, steps from the San Gabriel Country Club, with easy access to major freeways, top-rated schools, and a wealth of shopping, dining, and entertainment options in neighboring cities such as San Marino, Pasadena, and Arcadia.The San Marino Park Arms is a 22-unit apartment building, with 5 units being delivered vacant. This two-story garden-style walk-up building was built in 1960 and encompasses 18,820 SF on a 26,166 SF lot. The property features 26 covered parking spaces, a common area courtyard, and laundry facilities. 6230 N. San Gabriel Blvd. offers multiple opportunities to enhance cash flow. The vacancies allow a new owner to implement a value-add strategy to bring units up to market rental rates. Additionally, there is potential to add Accessory Dwelling Units (ADUs), convert the laundry facilities from a lease to owned, and apply capital expenditures to improve the building’s exterior.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

22

PRICE/UNIT

$193,182

CAP RATE

6.6%

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Marino Park Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,670 SF

ZONING

LCR3*

APN/PARCEL ID

5374-001-021

ASK ABOUT THIS PROPERTY

David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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