The property is in CORE San Gabriel location (NOT unincorporated San Gabriel) and one lot from the prime corner of Valley Blvd and Del Mar Ave; considered as one of the most desirable commercial real estate corners in west San Gabriel Valley submarket (GOLDEN MILE). This property is being offered for sale for the FIRST TIME since 1951 (68 years)! The property is located nearby several MOST exciting new developments in San Gabriel; namely Hyatt Place (222-room Hyatt Hotel – across the street), and The One. Superb traffic count (±29,400 average cars per day on Valley Blvd), High density area (population of ±143,666 people in a 2-mile radius), and aggressive foreign capital investments (existing and planned) made this investment offering a secure investment with strong appreciation potential for investor.
The property consists of 19-unit multifamily situated on two lots totaling a large ±28,313 square foot (R3 zoning). It consists of 2 separate parcels; building 1534 consists of 8-unit, and 1536 building consists of 11-unit. Both buildings were built in 1951 and separately metered for electricity and gas. It has good unit mix of eight (8) x 2bedroom+1bathroom, ten (10) x 1bedroom+1bathroom, and one Studio units. Approximately five units have washer/dryer hookups, and all the units have smooth ceiling. Each unit has hardwood floor underneath the carpet, windows A/C and wall heater. Parking is provided by combination of garage, carport and open space parking (total 20 spaces).