NOT LISTED FOR SALE

5640 N Gladys Ave San Gabriel, CA 91776

10 Beds
10 Baths
5,778 Sq Ft
10,031 Sq Ft Lot

Last Sold March 12, 2024

Last sale price $2,744,000 $475 Per Sq Ft

21 Days on Market

About This Home

As of March 2024

We take great pleasure in introducing 5640 North Gladys Avenue, a rare San Gabriel Offering, now available for sale for the first time in 20 years! This easy-to-operate building, with high demand for rental units has a low vacancy history. It is a lovely two-story apartment building, which consists of 10 units and is located within the prime San Gabriel neighborhood where many shops and restaurants are accessible on S San Gabriel Blvd and E Las Tunas Dr. This building has spacious 1 bedroom + 1 bathroom units, was built in 1957 and has 10 on-site parking spaces. All units are separately metered for gas & electricity providing a minimal landlord maintenance need. The investment characteristics provide a strong rental income with some rental upside potential of +/- 20%. This property is two blocks from the San Gabriel Country Club and a short drive to the Elm Center Shopping Mall. The benefits of its location allows it to be bordered by nearby cities such as Temple City, San Marino and Alhambra which gives an impressive Walk Score of 83, denoting it as 'Very Walkable'. Please note, these units are located in Unincorporated San Gabriel (a 4% maximum annual rent increase is in effect as of 01/01/2024). PLEASE DO NOT WALK ON PROPERTY.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 01/15/2024

Remax Commercial and Investment Realty

Last Buyer's Agent

Andrew Luong

RICHTOWN REALTY License #02040575

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 10,031 Sq Ft Lot

Interior Spaces

  • 5,778 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Uncovered Parking

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5374-028-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5778
  • Lot Acreage: 0.2303
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 519.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Uncovered
  • Total Parking: 10

Lot Info

  • Assessed Improvement Percent: 48.42
  • Assessed Improvement Value: 671935
  • Assessed Land Percent: 51.58
  • Assessed Land Value: 715894
  • Total Assessed Value: 1387829
  • Assessor Parcel Number: 5374-028-022
  • Lot Size Area: 10031

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 1.00
  • Number Of Units: 10
  • Total Annual Expense: 1
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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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
03/12/2024 03/12/24 Sold $2,744,000 -8.5% $475 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $3,000,000 -- $519 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2024

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    56 Total Sales

    Shant Sherbetdjian
    Section Image

  • A

    Buyer's Agent in 2024

    Andrew Luong

    RICHTOWN REALTY

    (626) 466-7111

    1 in this area

    7 Total Sales

    Andrew Luong
    Section Image
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Map

Source: The MLS

MLS Number: 24-347205

The MLS
California Los Angeles County San Gabriel 91776

5640 N Gladys Ave, San Gabriel, CA

This home is located at 5640 N Gladys Ave, San Gabriel, CA 91776 since 15 January 2024. This property was built in 1957. 5640 N Gladys Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Jefferson Middle School, and Gabrielino High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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