1380 Elm Avenue
1380 Elm Avenue
$1,680,000
7
8
4,492
4,492
$374
Pending
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.
- Listed by Ryan Loria • DRE #02006138 • Brokerage DRE #01921625 • Triqor Group
Property Details for 1380 Elm Avenue
Parking Spaces Total
8
Private PoolNo
Total Units5.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area4492
Assessor Parcel Number5387-009-015
Property Attached YNtrue
Location
LISTING UPDATED: 05/02/2024 10:01 AM
Property Details for 1380 Elm Avenue
Status | Pending |
---|---|
MLS # | PW24082238 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1947 |
County | Los Angeles County |
Location
Building Information for 1380 Elm Avenue
Building/Complex1380 Elm AveFloor-Stories2Residences-Pet Policy-Year Built1947Building Size-
Payment Calculator
$9,752 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1380 Elm Avenue
Property History for 1380 Elm Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.