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

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