Active
234 S Pine St
San Gabriel CA, 91776
$2,180,000
$387.35 per sqft
Active
10 Beds
10 Baths
5,628 sqft
Residential
Built in 1977
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.
24-388553
MLSⓇ ID
May 3, 2024
Listed
May 11, 2024
Updated
Map
234 S Pine St
San Gabriel CA, 91776
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
10
Appliances
Ceiling Fan, Dishwasher, Microwave, Garbage Disposal, Range/Oven
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
San Gabriel
Days on Market
8
Garage
No
Parking
Covered Parking
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
SLR3*
Listed by Mark Ventre with Kidder Mathews of California, Inc.
Listing Contact: 323-202-9741
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Luczyski Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/11/2024