307 E Angeleno Avenue, San Gabriel, California 91776, San Gabriel, 91776 - bed, bath
ACTIVE$1,550,000$3,394/sqft
307 E Angeleno Avenue, San Gabriel, California 91776
0Bed
0Bath
3,394Sqft
12,150Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: This is an eight-unit property, offering significant rental income potential and diversification for investors.
Top Cons:
Inconsistent Unit Condition: Only half of the units (four out of eight) have been recently remodeled, implying the remaining units are in older condition and may require future updates or command lower rents.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1924 (102 years old).
Condition: The property, built in 1924, presents a mixed condition. While four of the eight units were extensively remodeled in 2019/2020 with new electrical, roofs, windows, flooring, energy-efficient split-unit AC, bathrooms, and kitchens, the remaining units are unrenovated. The listing explicitly states that one two-bedroom unit requires 'rehabbing,' and the 'age of unrenovated infrastructure' is noted as a weakness. This indicates that half of the property is in excellent/good condition, but the other half requires substantial updates and repairs, bringing the overall condition to 'Fair' due to the significant disparity and the need for investment in the older units.
Year Built
1924
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
AR26006135
Home ConditionFair
Features
View-
About this home
San Gabriel eight unit property on large lot. This well situated south facing property sits on a wide street centrally located. Four of the units were completely remodeled in 2019/2020 with new electrical, roofs, windows, flooring, energy efficient split-unit air conditioning, bathrooms and kitchens. Most studio style units have separate electrical and gas meters each with individual water heaters including 3 tankless. Value added on site tenant parking. Two bedroom home offers potential future income after rehabbing. Buyers to verify all information herein including pro forma rents and analysis for themselves.
R
Rena Delgado
Listing Agent
Condition Rating
Fair
The property, built in 1924, presents a mixed condition. While four of the eight units were extensively remodeled in 2019/2020 with new electrical, roofs, windows, flooring, energy-efficient split-unit AC, bathrooms, and kitchens, the remaining units are unrenovated. The listing explicitly states that one two-bedroom unit requires 'rehabbing,' and the 'age of unrenovated infrastructure' is noted as a weakness. This indicates that half of the property is in excellent/good condition, but the other half requires substantial updates and repairs, bringing the overall condition to 'Fair' due to the significant disparity and the need for investment in the older units.
Pros & Cons
Pros
Multi-Unit Income Potential: This is an eight-unit property, offering significant rental income potential and diversification for investors.
Extensive Recent Renovations: Four of the units were completely remodeled in 2019/2020, including new electrical, roofs, windows, flooring, energy-efficient split-unit AC, bathrooms, and kitchens, enhancing their appeal and value.
Individual Utilities & Water Heaters: Most studio-style units feature separate electrical and gas meters, each with individual water heaters (including 3 tankless), reducing landlord operating costs and increasing tenant appeal.
Prime Location & Large Lot: Centrally located in San Gabriel on a wide, south-facing street, the property sits on a substantial 12,150 sqft lot, offering a desirable setting.
On-Site Tenant Parking: The property provides value-added on-site tenant parking, a highly sought-after amenity for multi-unit properties in urban areas.
Cons
Inconsistent Unit Condition: Only half of the units (four out of eight) have been recently remodeled, implying the remaining units are in older condition and may require future updates or command lower rents.
Required Rehabbing for One Unit: One specific two-bedroom home unit is noted to offer 'potential future income after rehabbing,' indicating it currently requires significant investment to optimize its rental potential.
Age of Unrenovated Infrastructure: Built in 1924, the units not recently remodeled likely retain older infrastructure, which could lead to higher maintenance costs or necessitate future capital expenditures for upgrades.