$6,500,000

Estimated payment $41,131/month

Total Views 22,394
18 Beds
18 Baths
21,378 Sq Ft
$304 Price per Sq Ft

Highlights

  • 0.88 Acre Lot
  • Cul-De-Sac
  • Laundry Room
  • Garvey (Richard) Intermediate School Rated A-

About This Home

A unique15-unit Apartment complex where every unit has 3 bedrooms, 2.5 bathrooms, and 2 car attached garage. Each unit is approximately 1,425sf. Total building/living area is 21,378sf and it sits on a 38,401sf lot size. Complex consist of 4 buildings-3 buildings with 4 units each and 1 building with 3 unit. Built in 1988. First time on the market for sale. Currently 100% leased out, historically has very low vacancy. Great potential for higher rent. Each unit has its own electric and gas meter. Gated community with 6 uncovered guest parking spaces. On-site laundry. Cul-de-sac. Excellent location. Close to major freeways, Cal State LA, USC, and downtown LA. Walking distance to 99 Ranch Market, Hawaii Super Market, San Gabriel Hilton, Sheraton San Gabriel, and many more.

Listing Agent

Penny Liu

ReMax 2000 Realty Brokerage Phone: 626-890-9218 License #01358198 Listed on: 01/01/2025

Co-Listing Agent

Nancy Liu

ReMax Elite Realty Brokerage Phone: 626-890-9218 License #01022715

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.88 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 6 Open Parking Spaces
  • 30 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 21,378 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 2772
  • Assessor Parcel Number 5370029013
  • $5,662 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • Insurance Expense $9,079
  • Maintenance Expense $2,350
  • Other Expense $61,655
  • Supplies Expense $1,400
  • Water Sewer Expense $18,633
  • New Taxes Expense $33,088
  • Operating Expense $126,205
  • Gross Income $380,760
  • Net Operating Income $345,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

30

Listing Details

  • Price Per Unit: 433333
  • Property Attached: Yes
  • Supplies Expense: 1400.00
  • Water Sewer Expenses: 18633.00
  • Zoning: SLR2*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5370029013
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 304.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 30.00
  • Total Parking Spaces: 36.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 38413.00
  • Lot Size Acres: 0.8818

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1425 Square Feet
  • Gross Income: 380760.00
  • Gross Scheduled Income: 540000.00
  • Insurance Expense: 9079.00
  • Lot Size Area: 38413.0000 Square Feet
  • Maintenance Expense: 2350.00
  • Net Operating Income: 345180.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 173220.00
  • Other Expense: 61655.00
  • Other Expense Description: Others
  • Rent Control: No
  • Total Actual Rent: 45000.00
  • Total Expenses: 126205.00
  • Vacancy Allowance: 21600

Tax Info

  • New Taxes Expense: 33088.00
  • Tax Census Tract: 4823.01
  • Tax Lot: 46
  • Tax Tract Number: 2772
  • TaxOtherAnnualAssessmentAmount: 5662.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2025 01/01/25 For Sale $6,500,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25000053

California Regional Multiple Listing Service (CRMLS)