We are excited to present a unique investment opportunity ideally situated in the heart of San Gabriel. This property is perfectly located within a short walk of the heavily trafficked intersection of Valley Blvd and San Gabriel Blvd, one of the busiest hubs in Southern California. The asset comprises 32 studio apartments, 2 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Tenants benefit from convenient access to a plethora of nearby retail shops and transportation options. Additional on-site amenities include laundry facilities and parking. Significant capital improvements have been made under the current ownership, with nearly 65% of the units being extensively remodeled. Additional recent upgrades include modernized electrical panels, new roof, and fresh paint, ensuring the property maintains its appeal and minimizes future maintenance needs. Offered at $212,500 per unit, this property represents an exceptional chance to invest in a highly desirable market at a competitive price.
Property Details
Property Features
Property Information:
Year Built: 1963
Stories: 2
Listing Office:
Office Name: RE/MAX 2000 REALTY
Office Phone: (909) 645-0443
Listing Agent: Kristopher German
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.38 Acres
Other
Directions Information:
Directions: North of I-10, West of I-605; Near the Intersection of E Wells St & San Gabriel Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $7,650,000
Tax Information:
Annual Amount: $81,326
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in San Gabriel, CA.
This property is $6.5M 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: #CV24203147
Listing Office:
Office Name: RE/MAX 2000 REALTY
Office Phone: (909) 645-0443
Listing Agent: Kristopher German
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: 11/17/2024, 7:20:51 AM 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
Sep 25, 2019
Sep 25, 2019Home Sold
$5,450,000
Jun 19, 2017
Jun 19, 2017Home Sold
$4,250,000
Aug 30, 2005
Aug 30, 2005Home Sold
$3,150,000
Oct 16, 2001
Oct 16, 2001Home Sold
$1,450,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$81,326
$5,521,742
2020
$67,827
$5,450,000
2019
$65,687
$4,421,700
2018
$56,739
$4,335,000
2017
$56,739
$3,709,112
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$38.2K
Per Month
Principal & Interest
$38.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$23K
Powered By
Advertisement
NMLS#3030
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
8
/10
Emma W. Shuey Elementary School
8472 Wells St
Distance between this listing and this school0.35 miles
Public District Grades KG-6
6
/10
Dewey Avenue Elementary School
525 Dewey Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-6
5
/10
McKinley Elementary School
1425 Manley Dr
Distance between this listing and this school0.66 miles
Public District Grades KG-5
Nearby Schools
8
/10
Muscatel Middle School
4201 Ivar Ave
Distance between this listing and this school0.85 miles
Public District Grades 7-8
6
/10
Jefferson Middle School
1372 E Las Tunas Dr
Distance between this listing and this school1.38 miles
Public District Grades 6-8
8
/10
Baldwin Elementary School
900 S Almansor St
Distance between this listing and this school1.45 miles
Public District Grades KG-8
Nearby Schools
9
/10
Gabrielino High School
1327 S San Gabriel Blvd
Distance between this listing and this school0.16 miles
Public District Grades 9-12
4
/10
Del Mar High School
312 S Del Mar Ave
Distance between this listing and this school1.06 miles
Public District Grades 10-12
9
/10
Rosemead High School
9063 Mission Dr
Distance between this listing and this school1.08 miles
The neighbors living near this home have an average income of $61,940. Residents of San Gabriel, CA typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1232 S San Gabriel Blvd
What is the listing price of this property?
The listing price of 1232 S San Gabriel Blvd property is $7,650,000.
What type of property is this?
The property 1232 S San Gabriel Blvd is a condo located in San Gabriel, California, 91776.
Is this property for sale now?
Active Listing: 1232 S San Gabriel Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $81,326 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 25, 2019 for $5,450,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1232 S San Gabriel Blvd is 1963.
Interested in 1232 S San Gabriel Blvd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1232 S San Gabriel Blvd in San Gabriel, CA and zip code 91776 in the The San Gabriel Valley neighborhood. This home, which was built in 1963, sits on a 0.38 acre lot. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $7,650,000.
In October 2024, from all listings sold in San Gabriel, CA there were more than 10 sold above asking price, over 8 sold below and more than 5 were sold right at the asked price. The number of homes for sale in San Gabriel, CA decreased by 2.9% between September 2024 and October 2024. In October 2024 median list price was $1,115,600 and the average listing age was 32 days.
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. 
Hiking/backpacking
Hiking/backpacking
Pro Boxing
Live Theatre
Bloomingdales
IKEA
Banana Republic
Starbucks
Quiznos
Boston Market
Audi
Lexus
Mercedes
Alternative
News