We are proud to present 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.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 6,244 SqFt
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Benjamin J. Hsiang
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 12
Exterior Features
Parking Information:
Parking: One Space
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: North of Valley Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $3,750,000
Price Per SqFt: $601/SqFt
Tax Information:
Annual Amount: $12,874
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in San Gabriel, CA.
This property is $2.6M more than the Median Sold Price and $47/SqFt less than other homes in San Gabriel, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24368801
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Benjamin J. Hsiang
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: 4/28/2024, 12:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 04, 1996
Jun 04, 1996Home Sold
$500,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,874
$758,334
2020
$12,394
$750,559
2019
$12,183
$735,843
2018
$11,896
$721,415
2017
$11,896
$707,271
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
McKinley Elementary School
1425 Manley Dr
Distance between this listing and this school0.40 miles
Public District Grades KG-5
5
/10
Dewey Avenue Elementary School
525 Dewey Ave
Distance between this listing and this school0.84 miles
Public District Grades KG-6
6
/10
Emerson (Ralph Waldo) Elementary School
7544 Emerson Pl
Distance between this listing and this school1.03 miles
Public District Grades KG-6
Nearby Schools
8
/10
Martha Baldwin Elementary School
900 S Almansor St
Distance between this listing and this school0.63 miles
Public District Grades KG-8
7
/10
Ramona Elementary School
509 W Norwood Pl
Distance between this listing and this school1.22 miles
Public District Grades KG-8
7
/10
Garvey (Richard) Intermediate School
2720 Jackson Ave
Distance between this listing and this school1.33 miles
Public District Grades 7-8
Nearby Schools
9
/10
Mark Keppel High School
501 E Hellman Ave
Distance between this listing and this school0.81 miles
Public District Grades 9-12
7
/10
San Gabriel High School
801 S Ramona St
Distance between this listing and this school0.85 miles
Public District Grades 9-12
8
/10
Gabrielino High School
1327 S San Gabriel Blvd
Distance between this listing and this school0.97 miles
The neighbors living near this home have an average income of $28,759. The majority of San Gabriel, CA residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1548 New Ave
What is the listing price of this property?
The listing price of 1548 New Ave property is $3,750,000.
What type of property is this?
The property 1548 New Ave is a house located in San Gabriel, California, 91776.
Is this property for sale now?
Sale Pending: 1548 New 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 $12,874 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 4, 1996 for $500,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1548 New Ave has 12 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 1548 New Ave is 6,244 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1548 New Ave is 1960.
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This home is located at 1548 New Ave in San Gabriel, CA and zip code 91776 in the The San Gabriel Valley neighborhood. This 6,244 square foot home, which was built in 1960, sits on a 0.24 acre lot. Features: 12 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $3,750,000.
While more than 8 listings in San Gabriel, CA in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in San Gabriel, CA between February 2024 and March 2024 increased by 14.3%. In March 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $1,140,000.
From Rocket Homes Real Estate and based on county public records data.
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. 
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