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5640 N Gladys Ave, San Gabriel, CA 91776
$2,744,000
5640 N Gladys Ave, San Gabriel, CA 91776View this property at 5640 N Gladys Ave, San Gabriel, CA 91776
5640 N Gladys AveSan GabrielCA91776
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Property Description
We take great pleasure in introducing 5640 North Gladys Avenue, a rare San Gabriel Offering, now available for sale for the first time in 20 years! This easy-to-operate building, with high demand for rental units has a low vacancy history. It is a lovely two-story apartment building, which consists of 10 units and is located within the prime San Gabriel neighborhood where many shops and restaurants are accessible on S San Gabriel Blvd and E Las Tunas Dr. This building has spacious 1 bedroom + 1 bathroom units, was built in 1957 and has 10 on-site parking spaces. All units are separately metered for gas & electricity providing a minimal landlord maintenance need. The investment characteristics provide a strong rental income with some rental upside potential of +/- 20%. This property is two blocks from the San Gabriel Country Club and a short drive to the Elm Center Shopping Mall. The benefits of its location allows it to be bordered by nearby cities such as Temple City, San Marino and Alhambra which gives an impressive Walk Score of 83, denoting it as 'Very Walkable'. Please note, these units are located in Unincorporated San Gabriel (a 4% maximum annual rent increase is in effect as of 01/01/2024). PLEASE DO NOT WALK ON PROPERTY.
Full Property Details
Full Property Details for 5640 N Gladys Ave
General
- Sold For: $2,744,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-347205
- Added to Site: 122 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 10
Bedrooms
- Total Bedrooms: 10
Additional Information
- Other Features: None
Parking
- Garage Description: Covered Parking, Uncovered
Location
- Area: San Gabriel
- County: Los Angeles
- Cross Streets: East Las Tunas Drive
- Driving Directions: This great investment opportunity is located in a prime area of San Gabriel. It sits on North Gladys Ave, situated between East Las Tunas Dr and East Broadway. The nearest major intersection is South San Gabriel Blvd and East Las Tunas Dr.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 5,778
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1957
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 10
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2303
- Lot Size: 10031
- Lot Size Source: Vendor Enhanced
- Zoning: LCR3*
Financial Considerations
- Price Per Sq. Ft.: $519.21
- Assessment Year: 1957
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5374-028-022
Listed by Remax Commercial and Investment Realty, Shant Sherbetdjian
Sold by Richtown Realty, ANDREW LUONG
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Schools
Schools serving 5640 N Gladys Ave
School District:San Gabriel Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
401 S Walnut Grove Ave, San Gabriel, CA 91776 | PK-5 | 0.5 mi | |
1372 E Las Tunas Dr, San Gabriel, CA 91776 | 6-8 | 0.6 mi | |
1327 S San Gabriel Blvd, San Gabriel, CA 91776 | 9-12 | 1.4 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 5640 N Gladys Ave
Date
Details
Price
Change
Source
3/12/2024
Sold
$2,744,000
-8.53%
MLS
1/15/2024
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5640 N Gladys Ave, San Gabriel, CA 91776 (MLS# 24-347205) is a Multi-Family property that was sold at $2,744,000 on March 12, 2024. Want to learn more about 5640 N Gladys Ave? 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.