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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 2,880,000
Est. payment /mo
Active
302 East Broadway Street San Gabriel, CA 91776
5,626 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,626 sqft
Price per Sqft $511
MLS Listing ID CV-25052290
Year Built 1954
Lot Size 0.460 Acres
Property Sub-Type Apartment
Property Description
We are proud to present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel. The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five-minutes away from The City's charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly-ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year-round. The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20- mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Broadway Garden Apartments in San Gabriel is a 2-story, 9-unit proper ty built in 1954. The property is situated on one parcel of land with a total of ?20,043 square feet of land and a total building size of ?5.626 square feet. It features a unit mix of one-bed/one-bathroom and three-bedroom/ two-bathroom units averaging 625 square feet per unit. The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLR3YY
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer