Active
234 S Pine Street
San Gabriel CA, 91776
$2,180,000
$387.35 per sqft
Active
10 Beds
10 Baths
5,628 sqft
Residential
Built in 1977
Listed by Mark Ventre with Kidder Mathews of California, Inc. 858-369-3010
Constructed in 1977, the subject property consists of , two-story, two-bedroom townhome-style units, complemented by a large single-story front unit with a fireplace and in-unit washer-dryer, ideal for an owner-user. This property exudes pride of ownership and features new electrical panels and brand-new windows. All units are equipped with central HVAC and private balconies. Select units feature modernized kitchens boasting stone countertops, tile flooring, stainless steel appliances, new hardware, recess lighting, and recently renovated bathrooms with updated vanities and designer fixtures. Additionally, most units offer wood-style laminate flooring in the living room, and tile flooring in the kitchen and dining area, and carpet in the bedrooms upstairs. There are two parking spaces allocated for each unit. Soft story retrofit is not required. In addition, the asset is outfitted with surveillance cameras and a gated entrance to enhance security. Currently, three out of the five units are being rented near market value. There is approximately a 20% potential increase in rental income, providing investors with an opportunity to fully stabilize an asset situated in a highly sought-after location with minimal available inventory. The absence of local rent control laws in San Gabriel simplifies the process for owners to stabilize this asset, with rental increases capped at 5% plus the Consumer Price Index (CPI) annual adjustments.
24388553
MLSⓇ ID
May 3, 2024
Listed
May 11, 2024
Updated
Map
234 S Pine Street
San Gabriel CA, 91776
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
10
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Disposal, Microwave
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
654 - San Gabriel
Days on Market
8
Garage
No
Parking
Covered
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
SLR3*
Buyer Agency Compensation
2.5%
Listing Contact: 858-369-3010
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/11/2024 at 9:37 PM UTC