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Sold for: $1,880,000
1320 Stevens Ave, San Gabriel, CA, 91776
1320 Stevens Ave, San Gabriel, CA, 91776
Sold

1320 Stevens Ave, San Gabriel, CA, 91776

Sold for: $1,880,000

Sold by Private Sale on 14 May 2021

8 bedrooms
6 bathrooms
8 carspaces
Multi Family
3760sq. (Floor area)
10149sq. (Land size)

6-Unit prime Value Add nearby Hilton and Sheraton Hotel

The Growth Investment Group is proud to offer 1320 Stevens Ave, a charming 6-unit apartment located in the extremely desirable City of San Gabriel, CA. The property is in a quiet and highly convenient location near Valley Blvd. This highly desirable location is nearby the Hilton hotel, Sheraton hotel, Hyatt Place (under construction: 222-room Hyatt hotel + 87 condominiums+ 55k sqft retail), San Gabriel Square shopping center, and 400 W Valley Blvd (proposed: 197 condominiums + 50k sqft retail). Located just seconds away is Vincent Lugo Park and within walking distance is Valley Blvd, with all of its amenities such as 168 Supermarket, CVS Pharmacy, Ajisen Ramen, and a myriad of other restaurants and shops. It has a very high Walkability Score of 81 and is also located close to many public transits. The property consists of 3 different buildings. It has bungalow style single story units with 2 covered parking (might be able to convert to junior ADU – buyer to verify). The front building is a 2-story building, and the back buildings are single-story apartments. It offers an excellent unit mix of two 2Bedroom + 1Bathroom and four 1Bedroom + 1Bathroom. It sits on a large lot size of 10,149 SF with minimal landscaping upkeep needed. It was built in 1961 and has been very well-maintained. The front 2 units (A, B) have laundry hookups. Most of the units have had some updates with laminate/vinyl wood floor, granite/quartz kitchen countertops. The property has also seen major improvements recently with the whole roof being replaced less than 10-years ago (buyer to verify – no documentation), recently repainted exterior, recently resurfaced asphalt driveway. All units have been upgraded with laminate flooring and relatively new water heaters as well. Most units have been upgraded with new kitchen cabinets and quartz kitchen countertops. Most tenants are long-time tenants which provide significant rental upside potential due to its excellent location. Parking is provided by 2 covered parking spaces and 6 open space parking spaces on each side of the building. There is ZERO SOFT STORY retrofit required on this property. There is a possibility to add ADU/junior ADU units (buyer to verify).

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Han Widjaja Chen CCIM
Listing agent

Han Widjaja Chen CCIM

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Han has sold 1 properties in San Gabriel, in the last 12 months.
Han Widjaja Chen CCIM

Han Widjaja Chen CCIM

7 Reviews 1.9m Total Sales Value Growth Investment Group, Inc.
  • 1
    Recommendations in San Gabriel
  • 1
    Sold properties in San Gabriel
  • 1.88m
    Average sale price in San Gabriel

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Han Widjaja Chen CCIM

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