Properties

Property Description

Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies. Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware, recess lighting, and recently renovated bathrooms with updated vanities and designer fixtures. Additionally, most units offer wood-style laminate flooring in the living room, and tile flooring in the kitchen and dining area, and carpet in the bedrooms upstairs. There are two parking spaces allocated for each unit. Soft story retrofit is not required. In addition, the asset is outfitted with surveillance cameras and a gated entrance to enhance security. Currently, three out of the five units are being rented near market value. There is approximately a 20% potential increase in rental income, providing investors with an opportunity to fully stabilize an asset situated in a highly sought-after location with minimal available inventory. The absence of local rent control laws in San Gabriel simplifies the process for owners to stabilize this asset, with rental increases capped at 5% plus the Consumer Price Index (CPI) annual adjustments.

Features
: Central, Fireplace(s)
: Common Area
$0
Address Map
CA
Los Angeles
San Gabriel
91776
Pine
234
Street
W119° 54' 29.1''
N34° 6' 0.8''
SLR3*
S
654 - San Gabriel
Located near major intersections E Las Tunas Drive and Sam Gabriel blvd
Neighborhood
Neighborhood
MLS Addon
Kidder Mathews of California, Inc.
Mark Ventre
$0
$0
$0
$0
$0
$0
Additional Information
50x150
2
2024-05-03
5
5628
Listing Information
CLW-C137060
CLW-X82410
Active
2024-05-05T23:14:41Z
CRMLS
: Standard
2024-05-03T00:00:00Z

Commercial Sale For Sale

234 S Pine Street, San Gabriel, California 91776

0.18 Acre
$2,180,000
Listing ID #24387891
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24387891
Price : $2,180,000
Year Built : 1977
Lot Area : 0.18 Acre
Status : Active
Agent info
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