1337 E Las Tunas Drive

    San Gabriel, CA 91776
    • $1,580,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: CV18115314
    UPDATED: 52 min ago
    $1,580,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,125
      SQFT
    • $383
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T17:34:41.903. 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.
    www.playavistaliving.com/homes/83660993

    1337 E Las Tunas Drive San Gabriel, CA 91776

    • Price: $1,580,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: CV18115314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    4,125
    SQFT
    $383
    $/SQFT
    1958
    Built
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property 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.
    Exterior Features

    Garage Spaces 6.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowElectric Cooling YN Yes Heating Wall HeaterElectric Heating YN Yes Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 71470.00 Gross Scheduled Income 71470.00 Insurance Expense 1989.00 Land Lease YN No Laundry YN No Net Operating Income 37779.00 New Taxes Expense 20386.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 33691.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 33691.00 Trash Expense 2539.00 Water Sewer Expense 3800.00 Water Source Public Zoning Slc1*

    Listing provided courtesy of Edward Pan of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T17:34:41.903. 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.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094