San Gabriel, CA 91776,1548 New Ave
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San Gabriel, CA 91776,1548 New Ave
San Gabriel, CA 91776,1548 New Ave
San Gabriel, CA 91776,1548 New Ave
San Gabriel, CA 91776,1548 New Ave

$3,400,000

Est. payment /mo

$3,750,000

9.3%
Est.Price: ?

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1548 New Ave San Gabriel, CA 91776

12 Beds

10 Baths

6,244 SqFt

SOLD DATE : 05/23/2024

Key Details

Sold Price $3,400,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,244 sqft

Price per Sqft $544

MLS Listing ID 24-368801

Sold Date 05/23/24

Bedrooms 12

Year Built 1960

Lot Size 10,406 Sqft

Acres 0.239

Property Description

We are proud to present 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops. Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units. Situated on a spacious 10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike.

Location

State CA

County Los Angeles

Area San Gabriel

Zoning SLR3YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Range/Oven

Exterior

Garage Parking Space

Garage Spaces 12.0

Amenities Available None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.
Bought with Realty Investment Advisors, Inc.

GUIDE SoCal

Broker | License ID: DRE#01976964

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