1337 E Las Tunas Drive

  • San Gabriel

  • $1,350,000
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Residential Income Details

Description
This property is located at 1337 East Las Tunas Drive in the city of San Gabriel, California. The subject property is being listed on the market for the first time in 29 years. Built in 1958, the single-story apartments consist of an excellent unit mix of 100 percent two-bedroom/one-bathroom units. Each unit is approximately 688-square feet and located on a 10,312-square foot lot. Due to it's long term tenancy, the owner is renting out the units approximately 56 percent below market. Each unit is individually metered for gas and electricity. The apartment is located on Las Tunas Drive, within walking distance to Rosemead Boulevard - surrounded by restaurants, shopping centers, and entertainment. Due to its close proximity to major employment such as the San Gabriel Valley Hospital and San Gabriel District Offices, the demand for rentals in the surrounding area has been helping the subject property to operate at historically 100 percent occupancy with rents currently below market. Las Tunas Drive Apartments offers an investor a rare opportunity to acquire a stable, trophy location asset with a huge potential to increase rent through renovation in one of the most sought after cities in the San Gabriel Valley.
Essential
MLS #CV18115314
Price$1,350,000
Number of Units6
Sale TypeStandard
Sub-TypeCommercial/Residential
StatusActive Under Contract
Listing BrokerageMARCUS & MILLICHAP
Listing AgentEDWARD PAN
Listing Agent BRE #01894476
Interior
CoolingWall Window,Electric
HeatingWall Heater,Electric
Exterior
Garage Spaces6
PoolNone
Community
Area654 - San Gabriel
CommunitySidewalks
Address1337 E Las Tunas Drive
CitySan Gabriel
CountyLos Angeles
StateCA
ZipCode91776
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, September 18, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.