1548 New Avenue San Gabriel, CA $ 3,750,000
1548 New Avenue
$ 3,750,000
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1548 New Avenue

San Gabriel, CA, 91776
$ 3,750,000
Baths0.0 Sq 6,244

Monthly Estimate*

$ 26,195

1548 New Avenue, San Gabriel, CA 91776 - Image 1
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Studio

Multi-Family Home for sale in San Gabriel, CA

for $3,750,000. This 6,244 square foot home was built in 1960 on a lot size of 0.24.

We are proud to present 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops. Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units. Situated on a spacious 10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike.

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Multi-Family Pending

Price

$ 3,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.24

Year Built

1960

Town/City

San Gabriel

County/Region

Los Angeles

MLS | Web ID

0024368801

Features
General
Heating Wall Furnace
Zoning SLR3YY
Year Built 1960
Tenant Pays Electricity Gas
Levels Two
County Los Angeles
Net Operating Income 147333.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Pending
City San Gabriel
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area 654 - San Gabriel
Lot Size Square Feet 10406.0
Street Name New
Standard Status Pending
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Space
Lot Size Area 10406.0
Building Area Total 6244.0
Lot Size Acres 0.24
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Total Stories 2
Heating Y/N Yes
Street Suffix Avenue
Total Baths 0
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* Excluded Features
List By
Benjamin J. Hsiang

Listing Agent

Realty Investment Advisors, Inc.

Broker

Affordability Calculator

$26,195
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,195
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/15/2024$3,750,000 Listed Price

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1548 New Avenue, San Gabriel, CA, 91776 is a Multi-Family Home for sale at $3,750,000 with 6,244 sqft and a lot size of 0.24. 1548 New Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 91776 which is in San Gabriel, CA