1349 Elm Avenue, San Gabriel, California 91775, San Gabriel, 91775 - bed, bath

1349 Elm Avenue, San Gabriel, California 91775 home-pic-0

1349 Elm Avenue

San Gabriel, California 91775

ACTIVE
CONDITION: FAIR
0Beds
0Baths
15,384Sq Ft
18,367Lot Size

Property Price

LIST PRICE$6,900,000

SUMMARY

Analysis of 1349 Elm Avenue, San Gabriel, California 91775 is currently available with a list price of $6,900,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Gabriel Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1988, this 14-unit apartment building is well-maintained with recent updates such as wood-look laminate flooring, fresh paint, and a newer stainless steel range in the kitchen. However, the kitchen cabinets and bathroom vanities appear to be original or older styles that have been refreshed rather than fully replaced. The bathroom's sliding glass shower doors and basic light fixtures also indicate an older aesthetic. While clean and functional, the property shows signs of being aged and would benefit from minor updates to bring the kitchens and bathrooms to a more contemporary standard, aligning with the 'fair' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location & Growth Market

    Situated in the highly desirable city of San Gabriel at a prime Temple City corner, surrounded by major retail destinations and new luxury apartment developments, indicating strong tenant demand and future appreciation potential.

  • Exceptional Unit Amenities

    Each unit boasts spacious 2BR/2BA and 3BR/2BA floor plans, central A/C and heating, individual water heaters, separate gas/electric meters, and two dedicated covered parking spaces, enhancing tenant appeal and reducing landlord utility burdens.

  • Immediate Income & Rent Upside

    Most units are currently occupied, providing immediate income generation, coupled with explicit mention of strong rent upside potential, appealing to investors seeking cash flow and growth.

CONSRISKS & DEFICIENCIES

  • High Investment Capital Required

    The list price of $6.9 million represents a substantial capital outlay, which may limit the pool of potential buyers to larger institutional investors or high-net-worth individuals.

  • Potential for System Updates

    Built in 1988, while well-maintained, the property's core infrastructure (e.g., plumbing, electrical systems, roofing) may be original and could require significant capital expenditures in the near to medium term to modernize or replace.

  • Undisclosed Financials for Upside Verification

    The listing highlights 'strong rent upside potential' but does not provide current rent rolls or detailed operating expenses, requiring extensive due diligence from potential buyers to accurately quantify this potential and assess current cap rates.

About 1349 Elm Avenue

Discover a rare opportunity to acquire a pride-of-ownership 14-unit apartment building in the highly desirable city of San Gabriel! On the market for the first time in 26 years, this gated and well-maintained property offers approximately 15,384 SF of rentable space on an 18,362 SF R3-zoned lot with 80 ft of street frontage. The unit mix includes spacious 3BR/2BA and 2BR/2BA floor plans, complemented by manicured front and back yards. Each unit features central A/C and heating, individual water heaters, separate gas and electric meters, two dedicated covered parking spaces, and access to an on-site laundry facility. Conveniently located near the high-traffic intersection of Rosemead Blvd and Las Tunas —at the prime Temple City corner—the property is surrounded by retail destinations including Camellia Square, GW Supermarket, Chuze Fitness, Elm Shopping Center and newly built luxury apartment developments. Most units are currently occupied, generating immediate income with strong rent upside potential. Whether you're expanding your portfolio or seeking a long-term investment in a growth market, this San Gabriel multifamily opportunity delivers both performance and potential.

Property Details

Public Facts

Property Type
Mixed Use
Year Built
1988
Lot Size
18,367 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
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Built year1988-
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HOA$0$0
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Pricing History

Listed for Sale

Nov 3, 2025

$6,900,000

Initial Listing

Sold

Jun 25, 1999

$1,230,000

Public Record

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