1380 Elm Avenue, San Gabriel, CA 91775
Property
Sold June 2024
Listing Agent: Ryan Loria (DRE #02006138) · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Ryan Loria · Triqor Group · MLS #PW24082238 · Source: CRMLS
About this property
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.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history