6230 N San Gabriel Boulevard Pending Save Request In-Person Tour Request Virtual Tour
San Gabriel,CA 91775
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 18,820 sqft
Price per Sqft $225
MLS Listing ID CL25490337
Year Built 1960
Lot Size 0.601 Acres
Property Sub-Type Other
Property Description
CALL FOR OFFERS: FRIDAY - FEBRUARY 7th at 5pm. The San Marino Park Arms is a 22-unit apartment building, with 5 units being delivered vacant. This two-story garden-style walk-up building was built in 1960 and encompasses 18,820 SF on a 26,166 SF lot. The property features 26 covered parking spaces, a common area courtyard, and laundry facilities.The unit mix comprises: (8) 2 Bedroom + 2 Bathroom units - (6) 2 Bedroom + 1 Bathroom units (8) 1 Bedroom + 1 Bathroom units. Prime San Gabriel Valley location, steps from the San Gabriel Country Club, with easy access to major freeways, top-rated schools, and a wealth of shopping, dining, and entertainment options in neighboring cities such as San Marino, Pasadena, and Arcadia.6230 N. San Gabriel Blvd. offers multiple opportunities to enhance cash flow. The vacancies allow a new owner to implement a value-add strategy to bring units up to market rental rates. Additionally, there is potential to add Accessory Dwelling Units (ADUs), convert the laundry facilities from a lease to owned, and apply capital expenditures to improve the building's exterior.
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile,Carpet
Laundry Community Facility
Exterior
View Y/N true
View Golf Course,Other
Building
Lot Description Front Yard
New Construction No