Listed by CBRE - Ontario
$7,150,000
1232 S San Gabriel
Details
APN 5372004007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,441
Units 36
Cap Rate 6.03%
NOI $431,336
Pro-Forma Cap Rate 100.00%
Price per SqFt $575
Year Built 1963
Buildings 2
Stories 2
Lot Size (SqFt) 16,541
Zoning Assessor
Multifamily | 36 Units | $198,611/unit
Marketing description
We are pleased to present the exclusive opportunity to acquire the Emerald Apartments, a premier 36-unit multifamily investment located in the high-demand core of San Gabriel, California. Offering the lowest price per unit on the market, this well-maintained asset at 1232 S. San Gabriel Boulevard provides investors a rare combination of immediate stability and long-term appreciation. It is perfectly positioned within one of the San Gabriel Valleys most historic and supply-constrained submarkets. Known as the "Birthplace of the Los Angeles Region," San Gabriel blends cultural heritage with modern suburban convenience. Residents of the Emerald Apartments benefit from a sophisticated regional transportation network, enjoying seamless access to the I-10, I-210, SR-60, I-605, and I-710 freeways. This central positioning serves as a vital commuter hub, connecting the workforce to major employment centers across Los Angeles, Orange, Riverside, and San Bernardino Counties. The Emerald Apartments is defined by classic architecture and a professional blend of lush, mature greenery and sustainable, drought-resistant landscaping. Residents benefit from a comprehensive amenity package that includes controlled gated entry, a central courtyard, and a convenient on-site laundry facility, all complemented by a plethora of surface parking. The modernized interiors feature functional, open layouts designed for contemporary living, highlighted by gourmet kitchens with updated countertops, cabinetry, drawer fronts, and full-size appliances including modern oven ranges, refrigerators, and pantri
Investment highlights
- LOWEST PRICE PER UNIT & DESIRABLE SCALE: Featuring a mix of 32 Studios, 2 - 1BR/1BA, and 2 - 2BR/2BA units, this 36-unit offering is the lowest-priced asset per unit on the market and provides an ideal opportunity for investors seeking a significant presence in a high-barrier-to- entry submarket.
- ATTRACTIVE YIELD & FINANCIAL GROWTH: Competitively priced at $198,611 per unit ($575SF), the asset delivers a solid 6.03% cap rate. With an immediate 17% rental upside to market levels, investors gain a high-yielding income stream and significant long-term appreciation in a robust submarket.
- WELL-AMENITIZED COMMUNITY: Well-Amenitized Community: Offering a secure environment with controlled gated entry, laundry facilities, and a blend of lush and drought-resistant landscaping.
- EXTENSIVE RECENT CAPITAL IMPROVEMENTS: The asset features modernized interiors, including gourmet kitchens with updated cabinetry, countertops, and high-end vinyl wood plank flooring throughout.
- ACCESS TO MAJOR EMPLOYMENT CENTERS: Perfectly positioned as a commuter hub, connecting residents to premier job markets across Los Angeles, Orange, and San Bernardino Counties.
- CORE SAN GABRIEL VALLEY: Situated in the "Birthplace of the Los Angeles Region," the property is within walking distance of the historic Mission District and local cultural landmarks. Located just minutes from premier shopping destinations including Rosemead Plaza, Camellia Square, and The Shops at Santa Anita.
- UNMATCHED REGIONAL CONNECTIVITY: Residents benefit from immediate access to a sophisticated transportation network, including the I-10, I-210, SR-60, I-605, and I-710 freeways.
Listing Contacts
Listed by CBRE - Ontario
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,336.00
$35,944.67/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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