1380 Elm Avenue

San Gabriel, CA 91775

$1,680,000
Price
7
Beds
8
Baths
4,492 Sq. Ft.
$374 / Sq. Ft.
4,492
Sq. Ft.
$374
per Sq. Ft.

Description

We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering...We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.
  1. Listed by Ryan Loria • DRE #02006138 • Brokerage DRE #01921625 • Triqor Group

Property Details for 1380 Elm Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4492
Assessor Parcel Number
5387-009-015
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138
Add your commute
LISTING UPDATED: 05/02/2024 10:01 AM

Property Details for 1380 Elm Avenue

StatusPending
MLS #PW24082238
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
CountyLos Angeles County

Location

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138
Add your commute

Building Information for 1380 Elm Avenue

Building/Complex1380 Elm AveFloor-Stories2Residences-Pet Policy-Year Built1947Building Size-

Payment Calculator

$9,752 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,168

Property Taxes

$584

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1380 Elm Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $106,786
  • Gross Scheduled Income: $110,088
  • Net Operating Income: $67,594
Expense Details
  • Operating Expense: $39,192
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $39,192
Tax / Assessment Info
  • Tax Tract Number: 3623
  • Tax Census Tract: 4801.02
  • CFD/Mello-Roos Fee: $1,438
  • Tax Lot: 81
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,153
  • Unit Type Total Rent: $1,153
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,024
  • Unit Type Total Rent: $2,024
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,971
  • Unit Type Total Rent: $3,942
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,024
  • Unit Type Total Rent: $2,024
  • Unit Type Pro Forma: 3095
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0

Property History for 1380 Elm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1380 Elm Avenue

Taxable ValueLand$69,126Additions$357,981Total$427,107
Tax Record2023$7,002 ($584 / month)
Home Facts
Total Finished SqFt4,492 SqFtAbove Grade Finished SqFt4,492 SqFtLot Size11,523 SqFtStyleQuadraplexYear Built1947ZoningSLR3*CountyLOS ANGELESAPN5387-009-015

Schools near 1380 Elm Avenue

This home is within San Gabriel Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Wilson Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Gabrielino High School
Public9 to 12

Options for Youth San Gabriel School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.