Seller's Agent in 2024
Ryan Loria
Triqor Group
(714) 604-6608
1 in this area
12 Total Sales
1380 Elm Ave San Gabriel, CA 91775
Estimated Value: $1,564,000 - $1,799,000
7
Beds
6
Baths
4,492
Sq Ft
$378/Sq Ft
Est. Value
Highlights
- Laundry Room
- Wilson Elementary School Rated A-
- Rectangular Lot
About This Home
As of June 2024We 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,116
Year Built
- Built in 1947
Lot Details
- 0.26 Acre Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 8 Parking Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,492 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- Tax Lot 81
- Tax Tract Number 3623
- Assessor Parcel Number 5387009015
- $1,438 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Operating Expense $39,192
- Gross Income $106,786
- Net Operating Income $67,594
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2024
Closed on
Jun 19, 2024
Sold by
Rn Hellman Llc
Bought by
Chung Tri V and Liang Jessie C
Seller's Agent
Ryan Loria
Triqor Group
Buyer's Agent
Ryan Loria
Triqor Group
List Price
$1,680,000
Sold Price
$1,720,000
Premium/Discount to List
$40,000
2.38%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,140
Avg. Annual Appreciation
-1.01%
Original Mortgage
$500,000
Outstanding Balance
$493,776
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$1,203,084
Purchase Details
Closed on
Jul 20, 2015
Sold by
Rn Hellman Limited Partnership
Bought by
Rn Hellman Llc
Purchase Details
Closed on
Feb 23, 2007
Sold by
Dearth Richard and Dearth Nova J
Bought by
Rn Hellman Lp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chung Tri V | $1,720,000 | Commonwealth Land Title Compan | |
| Rn Hellman Llc | -- | None Available | |
| Rn Hellman Lp | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chung Tri V | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $1,720,000 | +2.4% | $383 / Sq Ft |
| 05/02/2024 05/02/24 | Pending | -- | -- | -- |
| 04/24/2024 04/24/24 | For Sale | $1,680,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,116 | $1,754,400 | $789,480 | $964,920 |
| 2024 | $7,116 | $435,648 | $70,508 | $365,140 |
| 2023 | $7,002 | $427,107 | $69,126 | $357,981 |
| 2022 | $6,744 | $418,733 | $67,771 | $350,962 |
| 2021 | $6,670 | $410,524 | $66,443 | $344,081 |
| 2020 | $6,583 | $406,315 | $65,762 | $340,553 |
| 2019 | $6,414 | $398,349 | $64,473 | $333,876 |
| 2018 | $6,214 | $390,539 | $63,209 | $327,330 |
| 2016 | $15,129 | $1,094,000 | $709,000 | $385,000 |
| 2015 | $5,816 | $369,738 | $59,843 | $309,895 |
| 2014 | -- | $362,496 | $58,671 | $303,825 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Loria
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24082238
APN: 5387-009-015
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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