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5 Units | A+ San Gabriel Location 1985 Built 1520 Abbot Ave 5 Unit Apartment Building $1,995,000 ($399,000/Unit) 2.67% Cap Rate San Gabriel, CA 91776




INVESTMENT HIGHLIGHTS
- For the first time in 19 years, this 5-unit apartment building is being offered for sale
- Built in 1985, this newer construction property features a desirable unit mix: One 3-bedroom, 2-bath unit and Four 2-bedroom, 2-bath units
- Each unit also has its own water heater and is separately metered for gas and electricity
- Located just north of Valley Blvd in an A+ neighborhood known for its walkability, with a Walk Score of 86
- All units are spacious, include central air and heat, and offer on-site secured parking
- Easy access to shopping, dining, and daily conveniences along the Valley Blvd retail corridor, just a short walk away
EXECUTIVE SUMMARY
For the first time in 19 years, this 5-unit apartment building is being offered for sale - located just north of Valley Blvd in an A+ neighborhood known for its walkability, with a Walk Score of 86. Built in 1985, this newer construction property features a desirable unit mix: One 3-bedroom, 2-bath unit and Four 2-bedroom, 2-bath units. All units are spacious, include central air and heat, and offer on-site secured parking. Each unit also has its own water heater and is separately metered for gas and electricity - keeping expenses low and operations simple. Easy access to shopping, dining, and daily conveniences along the Valley Blvd retail corridor, just a short walk away. The property is only subject to California's statewide AB 1482 rent control - there's no local rent ordinance in place. This is a pride-of-ownership property in one of San Gabriel's most desirable rental markets. Property is located on Abbot Avenue which is a road that curves from Valley Blvd and ends at Prospect Avenue. The nearest major cross street is Valley Blvd and S New Ave (or Del Mar Ave which is the major cross street on the other side). Please do not contact occupants, do not walk on property, drive by only.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$100,860
![]() |
$19.38
![]() |
Other Income |
$1,200
![]() |
$0.23
![]() |
Vacancy Loss |
$3,062
![]() |
$0.59
![]() |
Effective Gross Income |
$98,998
![]() |
$19.02
![]() |
Taxes |
$27,685
![]() |
$5.32
![]() |
Operating Expenses |
$18,066
![]() |
$3.47
![]() |
Total Expenses |
$45,751
![]() |
$8.79
![]() |
Net Operating Income |
$53,247
![]() |
$10.23
![]() |
FINANCIAL SUMMARY (ACTUAL - 2024)
Gross Rental Income | |
---|---|
Annual | $100,860 |
Annual Per SF | $19.38 |
Other Income | |
---|---|
Annual | $1,200 |
Annual Per SF | $0.23 |
Vacancy Loss | |
---|---|
Annual | $3,062 |
Annual Per SF | $0.59 |
Effective Gross Income | |
---|---|
Annual | $98,998 |
Annual Per SF | $19.02 |
Taxes | |
---|---|
Annual | $27,685 |
Annual Per SF | $5.32 |
Operating Expenses | |
---|---|
Annual | $18,066 |
Annual Per SF | $3.47 |
Total Expenses | |
---|---|
Annual | $45,751 |
Annual Per SF | $8.79 |
Net Operating Income | |
---|---|
Annual | $53,247 |
Annual Per SF | $10.23 |
PROPERTY FACTS
Price | $1,995,000 | Apartment Style | Low-Rise |
Price Per Unit | $399,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.19 AC |
Cap Rate | 2.67% | Building Size | 5,205 SF |
Gross Rent Multiplier | 19.55 | Average Occupancy | 100% |
No. Units | 5 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1985 |
Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
Zoning | SLR3* |
Price | $1,995,000 |
Price Per Unit | $399,000 |
Sale Type | Investment |
Cap Rate | 2.67% |
Gross Rent Multiplier | 19.55 |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.19 AC |
Building Size | 5,205 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1985 |
Parking Ratio | 1.92/1,000 SF |
Zoning | SLR3* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Controlled Access
- Gated
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+2 | 4 | $1,675 | - |
3+2 | 1 | $1,830 | - |
Walk Score®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | 5360-018-049 | Total Assessment | $1,674,724 |
Land Assessment | $1,050,810 | Annual Taxes | $27,685 ($5.32/SF) |
Improvements Assessment | $623,914 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5360-018-049
Land Assessment
$1,050,810
Improvements Assessment
$623,914
Total Assessment
$1,674,724
Annual Taxes
$27,685 ($5.32/SF)
Tax Year
2024
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5 Units | A+ San Gabriel Location 1985 Built | 1520 Abbot Ave
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