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.
Sold for $1,720,000
Zillow last checked:
Listing updated:
Bought with:
Ryan Loria, DRE #02006138
Triqor Group
Source: CRMLS,MLS#: PW24082238
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | $1,720,000+2.4%$383/sqft |
Source:  CRMLS #PW24082238 Report a problem | ||
| 5/3/2024 | Pending sale | $1,680,000$374/sqft |
Source: CRMLS #PW24082238 Report a problem | ||
| 4/24/2024 | Listed for sale | $1,680,000$374/sqft |
Source: CRMLS #PW24082238 Report a problem | ||
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Estimated market value
$1,997,600
