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401 Clary Avenue, San Gabriel, CA 91776
$2,400,000
401 Clary Avenue, San Gabriel, CA 91776View this property at 401 Clary Avenue, San Gabriel, CA 91776
401 Clary AvenueSan GabrielCA91776
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Property Description
A pride-of-ownership 6-unit garden style value-add apartment located in the Mission District - across the street from the historic San Gabriel Mission (Chapel, etc.) and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel. It is in a NO Local Rent control area and only under California AB1482. Long time owner for 10 years, all tenants are month-to-month which translates to significant rental upside and ADUs upside (buyer to verify).
The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit - buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony.
Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces. It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe.
DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS.
Full Property Details
Full Property Details for 401 Clary Ave
General
- Sold For: $2,400,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR23179877
- Added to Site: 226 day(s) ago
Interior
- Fireplace(s): Family Room
- Flooring: Vinyl, Wood
Rooms
Other Rooms
- Laundry: Common Area, Community
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 8
- Parking Features: Assigned, Garage
- Parking: Assigned, Garage
Location
- Area: 654 - San Gabriel
- County: Los Angeles
- Development Name: 654 - San Gabriel
- Driving Directions: right across from San Gabriel Mission - northwest corner of Mission Rd and Clary Ave
- Direction Faces: South
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,380
- Year Built: 1962
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: None
- Lot Size (Acres): 0.218
- Lot Size Source: Assessor
- Zoning: SLR3YY
- Lot Description: Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System
Financial Considerations
- Price Per Sq. Ft.: $376.18
- Price Per Unit: 408333
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Growth Investment Group Pasade, Han Chen
Sold by Eddy Lee Jen Chao, Jerry Lin
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Schools
Schools serving 401 Clary Ave
School District:San Gabriel Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
421 N Mission Dr, San Gabriel, CA 91775 | PK-5 | 0.9 mi | |
1372 E Las Tunas Dr, San Gabriel, CA 91776 | 6-8 | 1.6 mi | |
1327 S San Gabriel Blvd, San Gabriel, CA 91776 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 Clary Ave
Date
Details
Price
Change
Source
1/30/2024
Sold
$2,400,000
-2.04%
MLS
11/27/2023
Price Reduced
$2,450,000
-8.58%
MLS
9/26/2023
Listed
$2,680,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 Clary Avenue, San Gabriel, CA 91776 (MLS# AR23179877) is a Multi-Family property that was sold at $2,400,000 on January 30, 2024. Want to learn more about 401 Clary Avenue? Do you have questions about finding other Multi-Family real estate for sale in San Gabriel? You can browse all San Gabriel real estate or contact a Coldwell Banker agent to request more information.