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$12,250,000
Est. payment /mo
2.09 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250043877
Lot Size 2.087 Acres
Property Sub-Type Com-Res Income
Property Description
First time on the market in over 50 years, 130 Junipero Serra Drive and 115 N San Marino Avenue offer a rare chance to acquire a 47-unit multifamily property on two adjacent parcels totaling just over two acres in the heart of San Gabriel. The six townhome-style buildings sit across three hard corners with a mix of one- and two-bedroom units. Well-kept by long-term ownership, the property offers immediate upside through renovations, rent increases, and improved operations. All tenants are month-to-month, providing flexibility from day one. The property features 47 units across six buildings with 37 two-bedroom and 10 one-bedroom units, totaling 90,895 SF (2.09 acres). Current income is $70,738 per month, with average rents of $1,598 (2BD) and $1,176 (1BD). There are 46 carports and 35 surface spaces. A true value-add opportunity in a market where large assets rarely trade.
Location
State CA
County Los Angeles
Zoning R-3
Interior
Flooring Hardwood
Fireplace No
Laundry Owned
Exterior
View Y/N No
Roof Type Tar & Gravel
Building
Story 2
Others
Senior Community No
Tax ID 5362-021-001
Special Listing Condition Call Agent
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Listed by Derek Kaptanoglu Compass
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