5640 N Gladys Avenue, San Gabriel, CA 91776
Property
Sold March 2024
Listing Agent: Shant Sherbetdjian (DRE #01713570) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: ANDREW LUONG · RICHTOWN REALTY · MLS #24347205 · Source: CRMLS
About this property
We take great pleasure in introducing 5640 North Gladys Avenue, a rare San Gabriel Offering, now available for sale for the first time in 20 years! This easy-to-operate building, with high demand for rental units has a low vacancy history. It is a lovely two-story apartment building, which consists of 10 units and is located within the prime San Gabriel neighborhood where many shops and restaurants are accessible on S San Gabriel Blvd and E Las Tunas Dr. This building has spacious 1 bedroom + 1 bathroom units, was built in 1957 and has 10 on-site parking spaces. All units are separately metered for gas & electricity providing a minimal landlord maintenance need. The investment characteristics provide a strong rental income with some rental upside potential of +/- 20%. This property is two blocks from the San Gabriel Country Club and a short drive to the Elm Center Shopping Mall. The benefits of its location allows it to be bordered by nearby cities such as Temple City, San Marino and Alhambra which gives an impressive Walk Score of 83, denoting it as 'Very Walkable'. Please note, these units are located in Unincorporated San Gabriel (a 4% maximum annual rent increase is in effect as of 01/01/2024). PLEASE DO NOT WALK ON PROPERTY.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history