$2,800,000
SOLD JUL 24, 2025
4 Beds
3 Baths
5,626 Sq Ft
0.46 Acres

Recently Sold

$498 Per Sq Ft

3% Below List Price

120 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Laundry Room
  • Washington Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of July 2025

We are proud to present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel.
The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five-minutes away from The City’s charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly-ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year-round.
The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20- mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more.
The Broadway Garden Apartments in San Gabriel is a 2-story, 9-unit proper ty built in 1954. The property is situated on one parcel of land with a total of ±20,043 square feet of land and a total building size of ±5.626 square feet. It features a unit mix of one-bed/one-bathroom and three-bedroom/ two-bathroom units averaging 625 square feet per unit.
The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 03/10/2025

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 03/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 12 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,626 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1376
  • Assessor Parcel Number 5367028032
  • $3,036 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $296
  • Fuel Expense $478
  • Gardener Expense $1,920
  • Insurance Expense $6,300
  • Maintenance Expense $6,750
  • Other Expense $1,800
  • Professional Management Expense $5,816
  • Trash Expense $7,072
  • Water Sewer Expense $7,397
  • New Taxes Expense $36,479
  • Operating Expense $74,309
  • Gross Income $199,878
  • Net Operating Income $119,573

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.15
  • Other Phone Description: Justino Fa'aola
  • Other Phone Number: 626-315-7603
  • Price Per Unit: 320000
  • Professional Management Expense: 5816.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7397.00
  • Zoning: SLR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 5367028032
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 497.69

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 7072.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 20043.00
  • Lot Size Acres: 0.4601

Multi Family

  • Electric Expense: 296.00
  • Fuel Expense: 478.00
  • Gross Income: 199878.00
  • Gross Multiplier: 14.41
  • Gross Operating Income: 193882.00
  • Gross Scheduled Income: 199878.00
  • Insurance Expense: 6300.00
  • Laundry Income: 1398.00
  • Lot Size Area: 20043.0000 Square Feet
  • Maintenance Expense: 6750.00
  • Net Operating Income: 119573.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 74309.00
  • Other Expense: 1800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 74309.00
  • Vacancy Allowance: 5996

Tax Info

  • New Taxes Expense: 36479.00
  • Tax Census Tract: 4811.02
  • Tax Lot: 9
  • Tax Tract Number: 1376
  • TaxOtherAnnualAssessmentAmount: 3036.00

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
07/24/2025 07/24/25 Sold $2,800,000 -2.8% $498 / Sq Ft
03/10/2025 03/10/25 For Sale $2,880,000 +27.0% $512 / Sq Ft
01/12/2016 01/12/16 Sold $2,268,000 -1.0% $403 / Sq Ft
11/07/2015 11/07/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $2,290,000 -- $407 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25052290

California Regional Multiple Listing Service (CRMLS)