Description
RARE GEM IN THE HEART OF SAN GABRIEL. WITHIN DISTANCE OF PACIFIC SQUARE SAN GABRIEL NEWEST MIX USE, A 925,325 SF PROJECT. Built in 1963, Emerald Beach Apartments is a 36 Unit Single Building. The property is located conveniently within shops and restaurants on Valley Blvd and San Gabriel Blvd. The property is situated 1 mile from San Gabriel Square, Focus Plaza, Sheraton, "The One" and more Mixed Use Projects. 1/2 Mile North of the Property boasts a new Mixed Use Development by Pacific Square and Rubio Village. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units and thirty-two (32) studio one bathroom units, with (17) seventeen designed parking spaces, with plenty of street parking. 20 OF THE 36 UNITS ARE RENOVATED, PROPERTY IS CURRENTLY 94% OCCUPIED. CURRENT CAP RATE OF 4.32% AT CURRENT OCCUPANCY, 5.62% ESTIMATED AT PROFORMA
Location
"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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 24th March, 2023 8:38 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 24th March, 2023 8:38 AM (UTC)
Listing Agent: ALEX LAI
Listing Office: Longo Realty, Inc.
