1232 S San Gabriel
San Gabriel, CA, 91776 $ 7,350,000
Baths1.0 Sq 12,441 Monthly Estimate*
$ 45,255
Listed by CB RICHARD ELLIS
Studio for $7,350,000 with 1 full bath. This 12,441 square foot home was built in 1963 on a lot size of 0.3797.
We are pleased to present the exclusive opportunity to acquire the Emerald Apartments, a premier 36-unit multifamily investment located in the high-demand core of San Gabriel, California. Offering the lowest price per unit on the market, this well-maintained asset at 1232 S. San Gabriel Boulevard provides investors a rare combination of immediate stability and long-term appreciation. It is perfectly positioned within one of the San Gabriel Valley’s most historic and supply-constrained submarkets. Known as the "Birthplace of the Los Angeles Region," San Gabriel blends cultural heritage with modern suburban convenience. Residents of the Emerald Apartments benefit from a sophisticated regional transportation network, enjoying seamless access to the I-10, I-210, SR-60, I-605, and I-710 freeways. This central positioning serves as a vital commuter hub, connecting the workforce to major employment centers across Los Angeles, Orange, Riverside, and San Bernardino Counties. The Emerald Apartments is defined by classic architecture and a professional blend of lush, mature greenery and sustainable, drought-resistant landscaping. Residents benefit from a comprehensive amenity package that includes controlled gated entry, a central courtyard, and a convenient on-site laundry facility, all complemented by a plethora of surface parking. The modernized interiors feature functional, open layouts designed for contemporary living, highlighted by gourmet kitchens with updated countertops, cabinetry, drawer fronts, and full-size appliances including modern oven ranges, refrigerators, and pantries. These high-end finishes are further enhanced by durable vinyl wood plank flooring, updated lighting and plumbing fixtures, ceiling fans, and vertical blinds. Each residence ensures year-round comfort with dedicated wall-mounted A/C and heating units within a strictly smoke-free community. This stable, well-maintained asset provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a premier submarket. The property’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, this offering provides long-term stability and an exceptional foothold in the thriving San Gabriel Valley economy.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Garage Spaces 0
Pool Features None
Year Built 1963
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 667202
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 429016
Operating Expense 218170
Insurance Expense 15300
New Construction false
Property Type Residential Income
MaintenanceExpense 18000
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Merge onto I-10 W Take exit 25B for San Gabriel Blvd Turn right onto San Gabriel Blvd
City San Gabriel
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 17
Number Of Units Total 36
MLS Area 654 - San Gabriel
Lot Size Units Square Feet
Lot Size Square Feet 16541
Carport Spaces 0
Number of Units Leased 36
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 9708
Fuel Expense 9707
Trash Expense 9708
Water Sewer Expense 9707
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 0
Total Actual Rent 635472
Property Sub Type Additional Apartment
Taxes 95551
Cap Rate 5.84
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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ExteriorLot Features 36-40 Units/Acre
Water Source Public
Total Parking 17
Lot Size Area 16541
Number of Buildings 2
Spa false
Building Area Total 12441
Lot Size Acres 0.3797
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 36
Number of Separate Electric Meters 36
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $45,255
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in San Gabriel, CA
Average List Price $2,967,024
Percent of Sale Price 60%
About San Gabriel, CA 40,546 Population
2% Since 2002
$ 56,843 Median Income
41.97 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/19/2026 | $7,350,000 | | Listed Price |