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600 E Broadway San Gabriel, CA 91776
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Key Details
Sold Price $1,640,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD25186927
Year Built 1963
Lot Size 0.294 Acres
Property Sub-Type Apartment
Property Description
The Broadway Commons is a marvelous Five (5) unit multi family investment opportunity. Front house is a 5 bed 2 bath craftsman built in 1919 with the charm of years past. The rear two story structure includes (4) 2-bedroom 1-bathroom units built in 1963 and dedicated parkings for each unit. Each unit also has its own water heater and is separately metered for gas and electricity - keeping expenses low and operations simple. Easy access to shopping, dining, and daily conveniences along the Valley Blvd retail corridor, just a short walk away. In addition to its superb characteristics, the property is within close proximity to the Grocery Stores, Schools, Banks, and Freeway access. With ease of management and strong upside in rents, The Broadway Commons offers an investor to take over an exceptional, low-maintenance asset. The property is only subject to California's statewide AB 1482 rent control - there's no local rent ordinance in place. This is a pride-of-ownership property in one of San Gabriel's most desirable rental markets.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLR3YY
Interior
Laundry Common Area, Inside
Exterior
Parking Features Carport
Pool None
Community Features Foothills
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Vahe Parsekhian Americana Real Estate Services
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