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For sale
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 626-757-5717
    $7,150,000

    1232 S San Gabriel Blvd, San Gabriel, CA 91776

    6beds
    38baths
    12,441sqft
    : 
    $48,988/mo
    Get pre-qualified
    Multi Family
    Built in 1963
    -- sqft lot
    $6,821,400 Zestimate®
    $575/sqft
    $-- HOA

    What's special

    Central courtyardGourmet kitchensFunctional open layoutsClassic architectureControlled gated entryModern oven rangesSustainable drought-resistant landscaping
    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.
    128 days
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    105
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    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen 626-757-5717,

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV26060477MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 38
      Heating
      • Wall Furnace
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Laundry: Common Area
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 12,441
      • Total interior livable area: 12,441 sqft

      Property

      Parking
      • Total spaces: 17
      • Uncovered spaces: 17
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      • Spa features: None
      Lot
      • Size: 0.38 Acres
      • Features: 36-40 Units/Acre
      Details
      • Parcel number: 5372004007
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1963

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Sidewalks
      Location
      • Region: San Gabriel

      Financial & listing details

      • Price per square foot: $575/sqft
      • Date on market: 3/19/2026
      • Cumulative days on market: 129 days
      • Listing terms: Cash,Cash to New Loan
      • Total actual rent: 635472

        Estimated market value

        $6,821,400

        $6.48M - $7.16M

        $2,968/mo

        Price history

        DateEventPrice
        4/9/2026Price change$7,150,000-2.7%$575/sqft
        Source: CRMLS #CV26060477 Report a problem
        3/19/2026Listed for sale$7,350,000-3.3%$591/sqft
        Source: CRMLS #CV26060477 Report a problem
        9/1/2025Listing removed$7,600,000$611/sqft
        Source: SDMLS #WS25093106 Report a problem
        6/23/2025Listed for sale$7,600,000-1.3%$611/sqft
        Source: SDMLS #WS25093106 Report a problem
        9/15/2021Listing removed--
        Source: SDMLS #WS20261471 Report a problem
        7/3/2021Listed for sale$7,699,999-3.8%$619/sqft
        Source: SDMLS #WS20261471 Report a problem
        1/15/2021Listing removed--
        Source: CRMLS Report a problem
        12/22/2020Listed for sale$7,999,999+46.8%$643/sqft
        Source: California Regional MLS #WS20261471 Report a problem
        9/26/2019Sold$5,450,000-2.3%$438/sqft
        Source: CLAW #19462894 Report a problem
        6/19/2019Pending sale$5,580,000$449/sqft
        Source: Realty Investment Advisors, Inc. #19462894 Report a problem
        6/7/2019Price change$5,580,000-6.2%$449/sqft
        Source: Realty Investment Advisors, Inc. #19462894 Report a problem
        5/6/2019Listed for sale$5,950,000+40%$478/sqft
        Source: Realty Investment Advisors, Inc. #19462894 Report a problem
        6/16/2017Sold$4,250,000+6.4%$342/sqft
        Source: CLAW #16186250 Report a problem
        6/9/2017Pending sale$3,995,000$321/sqft
        Source: Remax Commercial and Investment Realty #16186250 Report a problem
        6/2/2017Price change$3,995,000-27.4%$321/sqft
        Source: Remax Commercial and Investment Realty #16186250 Report a problem
        12/14/2016Pending sale$5,500,000$442/sqft
        Source: Remax Commercial and Investment Realty #16186250 Report a problem
        12/12/2016Listed for sale$5,500,000$442/sqft
        Source: Remax Commercial and Investment Realty #16186250 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 91776

        Getting around

        87 / 100
        Very Walkable
        39 / 100
        Some Transit
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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