1031 Prospect, San Gabriel, California 91776, San Gabriel, 91776 - 0 bed, 0 bath
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San Gabriel, California 91776
This property presents a Prime Investment Opportunity with a List Price of $1,399,000—positioned well below the $1,435,345 Fair Market Value by 2%. This valuation gap offers $36,345 in Instant Equity. Featuring a 3-unit income potential with a Condition Rating of 3, this asset allows for significant mortgage offset through rental income. Its versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a multigenerational living solution in the desirable San Gabriel Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 Prospect Subject | $1,399,000* List Price | 0 | 0 | 2,420 | $593 | - |
A 1139 Abbot Sold | $1,200,000 | 3 | 2 | 1,652 | $726 | 0.1 mi |
B E Chestnut Avenue Sold | $1,108,000 | 3 | 3 | 1,523 | $728 | 0.7 mi |
C 1219 Lafayette Sold | $1,368,000 | 4 | 3 | 2,886 | $474 | 0.6 mi |
D 515 Pearl Street Sold | $1,710,000 | 5 | 6 | 3,027 | $565 | 0.7 mi |
E 1622 Walnut Street Sold | $1,100,000 | 3 | 2 | 1,844 | $597 | 0.9 mi |
F 1103 King Street Sold | $1,190,000 | 3 | 2 | 1,708 | $697 | 0.1 mi |
G 1227 Lafayette Active | $1,588,888 List Price | 3 | 3 | 2,493 | $637 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1941, the property has undergone significant renovations likely within the last 5-15 years. Interior photos show refinished hardwood floors, modern LVP flooring, recessed lighting, and fresh paint. The exterior features a newer roof and well-maintained siding/stucco, making it move-in ready and functional for immediate occupancy or rental.
The property offers a high potential gross income of $75,600 per year, providing a rare opportunity for an owner-user to significantly offset mortgage costs through rental units.
With three distinct living areas including a main house, an enclosed patio conversion, and a detached granny flat, the layout is ideal for extended families or diverse rental strategies.
Situated in the desirable San Gabriel Village, the property is minutes away from Almansor Park, San Gabriel High School, and the popular Valley Boulevard dining and shopping district.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2420, other record living area = 1634.
There is a significant gap between public records (1,634 sqft) and the seller's reported usable space (2,420 sqft), which may indicate unpermitted additions and potential legal status issues.
Built in 1941, the property may require substantial updates to its core systems and finishes to meet modern standards and support the high-density living arrangement.
$75,600/yr potential gross income. Rare owner-user opportunity with income potential in the desirable San Gabriel Village neighborhood. Based on Seller source: approximately 2,420 square feet of usable space consisting of a 3bd/2ba main residence (1,400 sqft), 1bd/1ba enclosed patio conversion area (700 sqft), and detached 1bd/1ba granny flat (320 sqft). Public records reflect 4bd, 2ba at 1,634 sqft. Buyer to independently verify square footage, permits, uses, and legal status of all improvements. Whether used for extended family, multigenerational living, guest accommodations, a home office, or supplemental income, the additional living areas provide flexibility that is difficult to find in today's market. Conveniently located near San Gabriel High School, Almansor Park, and the popular Valley Boulevard dining and shopping corridor. A unique opportunity to enjoy homeownership while offsetting housing expenses with rental income. Main House: $3,300/mon | Enclosed Patio: $1,700/mon | Granny Flat: $0.00 ($1,300 in the past)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,420 | 1,824 |
| Lot Size | 7,626 | 7,821 |
| Price | $1.40M | $1.40M |
| Price per sq ft | $578 | $779 |
| Built year | 1941 | 1940 |
| HOA | $0 | $0 |
| Days on market | 37 | 45 |
Jun 15, 2026
$1,399,000
Initial Listing