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Key Details
Sold Price $4,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23013291
Sold Date 06/12/23
Bedrooms 11
HOA Y/N No
Lot Size 0.829 Acres
Property Description
Rare 7 units Detached PUD development opportunity in the highly sought-after North San Gabriel area. The Approved Tentative Map consists of four (4x) 2,310 SQF Detached home, and three (3x) 2,913 SQF Detached home, totaling approximately 18,000 SQF Gross Living Area on a huge 36,116 SQF flat land. Each home features 4 Bedroom, 4.5 Bathroom, meticulously designed for markets highest demand floor plan & size, and aiming for highest investment return. The propertys desirable location is just a short walk from the most coveted city of San Marino, the area offers abundant daily essentials, grocery stores, dining and entertainment amenities. Furthermore, this highly profitable project currently consists of 4 fully occupied and income generating single family homes. All tenants are courteous and always pay online even during pandemics. Investors may start construction at best market conditions without any financial pressure.
Rare 7 units Detached PUD development opportunity in the highly sought-after North San Gabriel area. The Approved Tentative Map consists of four (4x) 2,310 SQF Detached home, and three (3x) 2,913 SQF Detached home, totaling approximately 18,000 SQF Gross Living Area on a huge 36,116 SQF flat land. Each home features 4 Bedroom, 4.5 Bathroom, meticulously designed for markets highest demand floor plan & size, and aiming for highest investment return. The propertys desirable location is just a short walk from the most coveted city of San Marino, the area offers abundant daily essentials, grocery stores, dining and entertainment amenities. Furthermore, this highly profitable project currently consists of 4 fully occupied and income generating single family homes. All tenants are courteous and always pay online even during pandemics. Investors may start construction at best market conditions without any financial pressure.
Location
State CA
County Los Angeles
Area San Gabriel (91775)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Level or Stories 1 Story
Others
Monthly Total Fees $70
Acceptable Financing Cash, Conventional, Exchange
Space Rent $39,600
Listing Terms Cash, Conventional, Exchange
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Bought with KRYSTAL RAMOS • ARC NEST
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878