10 days on rocket

Sale Pending

1380 Elm Ave, San Gabriel, CA, 91775

$1,680,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1380 Elm Ave, San Gabriel$1,680,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1947
MLS #PW24082238
Lot Size0.26 Acres
StatusSale Pending
(Pending)

About 1380 Elm Ave

We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 2

Listing Office:

  • Office Name: Triqor Group
  • Office Phone: (949) 756-3232
  • Listing Agent: Ryan Loria

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.26 Acres

Other

Directions Information:

  • Directions: Turn onto Muscatel Ave. from Las Tunas Dr., then turn left onto Elm Ave., property is on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,680,000

Tax Information:

  • Annual Amount: $6,670
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in San Gabriel, CA.

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San Gabriel, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$668

Avg. Days On Market

36

# of Sold Homes

35

1380 Elm Ave vs San Gabriel

10 DAYS ON ROCKET

-26 Days

$1,680,000

+$527.5K More

KEY TAKEAWAY

This property is $527.5K more than the Median Sold Price in San Gabriel, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24082238

Listing Office:

  • Office Name: Triqor Group
  • Office Phone: (949) 756-3232
  • Listing Agent: Ryan Loria

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 5:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,670$410,524
2020$6,414$406,315
2019$6,213$398,349
2018$6,088$390,539
2017$6,088$382,882

History based on county public records data.

Payment Calculator

$8,452

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,103

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-6324690
4
/10

  • Roosevelt Elementary School

  • 401 S Walnut Grove Ave

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-6324691
8
/10

  • Emperor Elementary School

  • 6415 N Muscatel Ave

  • 0.81 miles

  • Public District Grades KG-6

school-card-donut-6324692
8
/10

  • Longden Elementary School

  • 9501 Wendon St

  • 0.94 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,928. Most San Gabriel, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1380 Elm Ave

What is the listing price of this property?

The listing price of 1380 Elm Ave property is $1,680,000.

What type of property is this?

The property 1380 Elm Ave is a condo located in San Gabriel, California, 91775.

Is this property for sale now?

Sale Pending: 1380 Elm Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,670 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 1380 Elm Ave is 1947.

Rocket Homes›California›Los Angeles County›San Gabriel›91775›1380 Elm Ave

This home is located at 1380 Elm Ave in San Gabriel, CA and zip code 91775 in the The San Gabriel Valley neighborhood. This home, which was built in 1947, sits on a 0.26 acre lot. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $1,680,000.

In April 2024, from all listings sold in San Gabriel, CA there were more than 23 sold above asking price, over 8 sold below and more than 4 were sold right at the asked price. In April 2024 in San Gabriel, CA there were 11.6% more homes for sale than in March 2024. While the average time on the market in April 2024 was 36 days, the median list price was $1,152,500.

From Rocket Homes Real Estate and based on county public records data.

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