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$ 12,250,000
Est. payment | /mo
2.09 Acres Lot
$ 12,250,000
Est. payment | /mo
2.09 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 250043877SD
HOA Y/N No
Lot Size 2.087 Acres
Property Sub-Type Mixed Use
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
Fireplace No
Exterior
Roof Type Tar/Gravel
Others
Tax ID 5362021001
Virtual Tour https://www.propertypanorama.com/instaview/snd/250043877
Listed by Derek Kaptanoglu Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "