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$12,250,000
Est. payment /mo
2.09 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 250043877
Lot Size 2.087 Acres
Property Sub-Type Com-Res Income
Property Description
First time on the market in over 50 years, 130 Junipero Serra Drive and 115 N San Marino Avenue offer a rare chance to acquire a 47-unit multifamily property on two adjacent parcels totaling just over two acres in the heart of San Gabriel. The six townhome-style buildings sit across three hard corners with a mix of one- and two-bedroom units. Well-kept by long-term ownership, the property offers immediate upside through renovations, rent increases, and improved operations. All tenants are month-to-month, providing flexibility from day one. The property features 47 units across six buildings with 37 two-bedroom and 10 one-bedroom units, totaling 90,895 SF (2.09 acres). Current income is $70,738 per month, with average rents of $1,598 (2BD) and $1,176 (1BD). There are 46 carports and 35 surface spaces. A true value-add opportunity in a market where large assets rarely trade.
Location
State CA
County Los Angeles
Zoning R-3
Interior
Flooring Hardwood
Fireplace No
Laundry Owned
Exterior
View Y/N No
Roof Type Tar & Gravel
Building
Story 2
Others
Senior Community No
Tax ID 5362-021-001
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/250043877
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Listed by Derek Kaptanoglu Compass
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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