Los Angeles, CA 90008
LISTING CRE
10 Units
San Gabriel
Summary
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
ZONING
10
1960
6,244
10,406
5360-014-011
SLR3YY
Opportunity
Realty Investment Advisors proudly presents 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you'll find the Hilton Hotel, 99 Ranch Market, San Gabriel Square, The Marketplace-Alhambra and an abundance of popular cafes, restaurants, and shops.
Located in a high-density area with approximately 257,259 residents within a 3-mile radius, coupled with robust foreign capital investments, this offering presents a secure investment opportunity with substantial appreciation potential. Offered for the first time on the market since 1996 (28 years!), the property features (2) two-bedroom one-bathroom units and (8) one-bedroom one-bathroom units.
Situated on a spacious ±10,406 square foot lot zoned R3, the building was built in 1960 and is separately metered for both gas and electricity. Additionally, an on-site laundry room adds convenience for tenants. Benefiting from the highly sought-after San Gabriel schools, this property offers appeal to potential tenants and investors alike. Three of the ten units will be delivered vacant at the close of escrow, opening up many possibilities for a new buyer to renovate and lease out those units according to their preference.
Located just 10 miles northeast of downtown Los Angeles, San Gabriel is a city of diversity—not just in its rich cultural history and ethnic fabric but in its many robust City offerings and amenities. The City’s high priorities and focal points are tourism, retail recruitment, real estate development/maintenance, and growth. With more than 41,000 residents, San Gabriel is 4.09 square miles and has been described as suburban, charming, historic, peaceful, varied, and vibrant. Plus, it has stunning mountain views!