logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
38 Photos
icon
icon icon
618 620 San Gabriel Boulevard
USD 1,700,000
Property ID: CV25075762
icon
618 620 San Gabriel Boulevard ,91770
icon --
icon 14905 SqFt
icon Built in 1956
icon USD 114/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
Location
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
4400
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1956
See more icon
Detailed Introduction Of This Home
We are proud to present 618-620 San Gabriel Blvd, a charming single-story 6-unit multifamily asset in the unincorporated City of Rosemead. The city of Rosemead is a suburban neighborhood in the San Gabriel Valley – located within LA County just 10-miles east of Downtown Los Angeles. Surrounding markets include the cities of San Gabriel, Monterey Park, Montebello, and Whittier. Within a +/- 20-mile drive from the property, tenants enjoy reasonable commutes DTLA, Hollywood Blvd, Dodger and SOFI Stadium, Crypto.com Arena, Intuit Dome, Disneyland in Orange County, and several beaches along the coast. More intimately, tenants enjoy being 1-block away from The Shops at Montebello – a +/- 759,000 SF Retail Center with over 120 national and local tenants. Tenants are also within a 5-miunte drive to several household favorites like Costco, Home Depot, Walmart, In- N-Out, McDonalds, Olive Garden, AMC Theatre, Top Golf, and many more options. The property is also walking distance to Don Bosco Technical Institute and several other grade school options. 618-620 San Gabriel Blvd is a 6-unit multifamily asset with +/- 4,400 SF of rentable building space. The opportunity consists of 2 parcels side-by-side, totaling over 14,900 SF of land and offering plenty of space for on-site parking. The property consists of 6 single-story, ground-level units all offering 2-bedroom/1-bathroom floorplans. Each unit enjoys an oversized private backyard and one of the units has an attached single-car garage. The units boast a healthy monthly rental average of $2,167 – solving to a favorable 6.01% CAP Rate and 10.9 GRM on current rents. Similar recently renovated units in the area average $2,400 per month giving a savvy investor the opportunity to capture the remaining upside through moderate renovations over time. Since the property is located within unincorporated boundaries of the city of Rosemead and subject to rent control, a new owner should recognize the value and benefit of strong in-place rents. Since the opportunity consists of two side-by-side triplex parcels, a new investor has the opportunity to capitalize on higher LTV options via favorable residential financing. 618-620 San Gabriel Blvd presents an excellent opportunity for all investor profiles and will prove to be a prosperous investment.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
26175 Edgemont Drive
26175 Edgemont Drive
icon 26175 Edgemont Drive
9078 SqFt  / 4 Beds  / 3 Full Bas
USD 540,000
3001 W 75th Street W
3001 W 75th Street W
icon 3001 W 75th Street W
5362 SqFt  / 2 Beds  / 1 Full Bas
USD 565,000
1050 E Ramon Road #34
1050 E Ramon Road #34
icon 1050 E Ramon Road #34
871 SqFt  / 1 Bed  / 1 Full Bas
USD 240,000
8329 Clearwater Ct
8329 Clearwater Ct
icon 8329 Clearwater Ct
6900 SqFt  / 4 Beds  / 2 Full Bas
USD 859,000
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 38
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (38)
icon
icon
banner
618 620 San Gabriel Boulevard
USD 1,700,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.world
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.world’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder