1380 Elm Avenue

San Gabriel, CA 91775

$1,680,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $374 / sqft

1947

calendar_month Built

Property Description

We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1380 Elm Avenue
City San Gabriel
State CA
Zip 91775
County Los Angeles
Listing Agent Ryan Loria DRE#02006138
Courtesy Of Triqor Group
MLS PW24082238
List Price $1,680,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 11,325
Year Built 1947
DOM 1

Exterior Information

Maps

Listing information courtesy of: Ryan Loria, Triqor Group . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 25th, 2024 at 10:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.