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
Listing Provided by: Triqor Group
Bought with: Triqor Group
$1,720,000
1380 Elm Ave, San Gabriel, CA 91775
9beds
8baths
4,492sqft
Multi Family
Built in 1947
-- sqft lot
$1,979,100 Zestimate®
$383/sqft
$2,548 Estimated rent
Home value
$1,979,100
$1.76M - $2.24M
$2,548/mo
Zestimate® history
Owner options
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$2,548/mo
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$2,548/mo
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$10,983/mo
Est. payment
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$10,983/mo
Est. payment
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San gabrielStainless steel appliances
Zillow last checked:
Listing updated:
Listing Provided by:
Ryan Loria DRE #02006138 949-756-3232,
Triqor Group
Bought with:
Ryan Loria, DRE #02006138
Triqor Group
Source: CRMLS,MLS#: PW24082238
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,492
- Total interior livable area: 4,492 sqft
Property
Parking
- Total spaces: 8
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 0.26 Acres
- Features: Rectangular Lot
Details
- Parcel number: 5387009015
- Zoning: SLR3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: San Gabriel
Other
Other facts
- Listing terms: Conventional
Price 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 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,019 +251.6% | $1,754,400 +302.7% |
| 2024 | $7,116 +1.6% | $435,648 +2% |
| 2023 | $7,002 +3.8% | $427,107 +2% |
| 2022 | $6,744 +1.1% | $418,733 +2% |
| 2021 | $6,670 +1.3% | $410,524 +1% |
| 2020 | $6,583 | $406,315 +2% |
| 2019 | $6,583 +5.9% | $398,349 +2% |
| 2018 | $6,214 | $390,539 +2% |
| 2017 | $6,214 +2.1% | $382,882 -65% |
| 2016 | $6,088 -59.8% | $1,094,000 +195.9% |
| 2015 | $15,129 +161.4% | $369,738 +2% |
| 2014 | $5,788 | $362,496 +4.5% |
| 2011 | -- | $346,847 +0.8% |
| 2010 | -- | $344,256 -0.2% |
| 2009 | -- | $345,075 +2% |
| 2008 | -- | $338,309 +8.2% |
| 2004 | -- | $312,550 +3.9% |
| 2002 | -- | $300,807 +4% |
| 2000 | -- | $289,128 |
Find assessor info on the county website
Neighborhood: 91775
Nearby schools
GreatSchools rating
- 8/10Wilson Elementary SchoolGrades: K-5Distance: 1.1 mi
- 8/10Jefferson Middle SchoolGrades: 6-8Distance: 0.2 mi
- 10/10Gabrielino High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,979,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,979,100
- California
- Los Angeles County
- San Gabriel
- 91775
- 1380 Elm Ave
Nearby cities
Nearby zip codes
Other San Gabriel Topics
