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Sold for $2,400,000
  • Listed by: Growth Investment Group Pasade • Handoko Chen • Contact: 626-594-4900
    Bought with: Eddy Lee Jen Chao
    $2,400,000

    401 Clary Ave, San Gabriel, CA 91776

    12beds
    8baths
    6,380sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $2,105,200 Zestimate®
    $376/sqft
    $3,241 Estimated rent

    Home value

    $2,105,200

    $1.87M - $2.36M

    $3,241/mo

    Zestimate® history
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    What's special

    A pride-of-ownership 6-unit garden style value-add apartment located in the Mission District - across the street from the historic San Gabriel Mission (Chapel, etc.) and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel. It is in a NO Local Rent control area and only under California AB1482. Long time owner for 10 years, all tenants are month-to-month which translates to significant rental upside and ADUs upside (buyer to verify). The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit – buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony. Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces. It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS.

    Zillow last checked:

    Listing updated:

    Listed by:

    Handoko Chen DRE #01749321 626-594-4900,

    Growth Investment Group Pasade

    Bought with:

    Jerry Lin, DRE #02081688

    Eddy Lee Jen Chao

    Source: CRMLS,MLS#: AR23179877MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    Heating
    • Central, Wall Furnace
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Vinyl, Wood
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,380
    • Total interior livable area: 6,380 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Assigned, Garage
    • Garage spaces: 8
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 9,495 Square Feet
    • Features: Lawn, Landscaped, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level
    Details
    • Parcel number: 5362027003
    • Zoning: SLR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Suburban, Valley, Park
    Location
    • Region: San Gabriel

    Financial & listing details

    • Price per square foot: $376/sqft
    • Date on market: 9/26/2023
    • Cumulative days on market: 70 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 0
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    1/30/2024Sold$2,400,000-2%$376/sqft
    Source: CRMLS #AR23179877 Report a problem
    1/8/2024Pending sale$2,450,000$384/sqft
    Source: CRMLS #AR23179877 Report a problem
    12/6/2023Contingent$2,450,000$384/sqft
    Source: CRMLS #AR23179877 Report a problem
    11/27/2023Price change$2,450,000-8.6%$384/sqft
    Source: CRMLS #AR23179877 Report a problem
    9/26/2023Listed for sale$2,680,000+17.5%$420/sqft
    Source: CRMLS #AR23179877 Report a problem
    1/15/2021Listing removed$2,280,000$357/sqft
    Source: CRMLS #AR20241010 Report a problem
    11/24/2020Listed for sale$2,280,000$357/sqft
    Source: GIG Real Estate Inc. #AR20241010 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 91776

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,105,200
    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
    $2,105,200