San Gabriel, CA 91776 1548 New Avenue

Pending
1548 New Avenue San Gabriel, Ca - Image 11548 New Avenue San Gabriel, Ca - Image 21548 New Avenue San Gabriel, Ca - Image 3
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Presented By: Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
  • MLS# 24368801
  • 03/15/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 10
  • FootageSQFT • 6,244

Home Details

We are proud to present 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops. Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units. Situated on a spacious 10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike.
Presented By: Benjamin J. Hsiang with Realty Investment Advisors, Inc.;

Interior Features for 1548 New Avenue

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 1548 New Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.93
Carport Y/NNo
CitySan Gabriel
CountyLos Angeles
Days on Market27
DirectionsNorth of Valley Blvd
Garage Y/NNo
Gross Income231500.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet10406.0
MLS Area654 - San Gabriel
MobileHomeRemainsYNNo
Net Operating Income147333.0
New ConstructionNo
Open Parking Spaces12.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street NameNew
Tenant PaysElectricity, Gas
Total Units10
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningSLR3YY

Exterior for 1548 New Avenue

Building Area Total6244.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2389
Lot Size Area10406.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOneSpace
SpaNo
Total Parking12.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,750,000
MLS#24368801
List Date 03/15/2024
Property Type Pending
Phone 714.964.3311
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