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
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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: 12/18/2024, 10:21:02 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.
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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
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. The most common annual income of people living in San Gabriel, CA is between $35k-100k. Residents typically live in single, no kids family. 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.
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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.
Over 6 listings were sold over their listed price in November 2024 in San Gabriel, CA. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in San Gabriel, CA decreased by 17.9% between October 2024 and November 2024. In November 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $1,105,000.
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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