346 San Marcos Street, San Gabriel, California 91776, San Gabriel, 91776 - bed, bath

346 San Marcos Street
San Gabriel, California 91776
Property Price
SUMMARY
Analysis of 346 San Marcos Street, San Gabriel, California 91776 is currently available with a list price of $4,300,000. 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
Property is moderate renovation needed.
Built in 1989, the property is 35 years old. While the description notes 'some units feature newer flooring and a freshly painted interior,' and the images show updated kitchens with white cabinets, dark speckled countertops, and stainless steel appliances, and bathrooms with clean vanities and standard tub/shower combos, these updates appear to be functional and well-maintained but not extensively renovated to current modern standards. The overall style, including popcorn ceilings and some dated fixtures, suggests the property is aged but maintained through regular upkeep and occasional updates, fitting the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & High Demand
Situated in the heart of San Gabriel’s Mission District with an 81 Walk Score, offering excellent access to retail, medical facilities, and commuter corridors, ensuring high tenant demand.
- Immediate Income & Rent Growth Potential
Most units are occupied by long-term tenants, providing immediate income with significant upside potential for rent growth in a high-demand rental market.
- Desirable Unit Features & Amenities
Units include central AC/heating, individual water heaters, and some with in-unit laundry, complemented by dedicated covered parking and a common laundry facility.
CONSRISKS & DEFICIENCIES
- Master Water Meter
The property operates with a single master water meter, meaning the landlord is responsible for the entire property's water bill, which can be a substantial and uncapped operating expense.
- Potential for Below-Market Rents
While long-term tenants provide stability, it often indicates that current rents may be below market rates, requiring strategic rent adjustments or unit turnovers to maximize income potential.
- Aging Infrastructure (1989 Build)
Built in 1989, the property's systems and components are over 30 years old, potentially requiring increased maintenance or capital expenditures for major replacements in the near future, despite being well-maintained.
About 346 San Marcos Street
First time on the market in 24 years! Situated in the heart of San Gabriel’s Mission District, this well-maintained 10-unit apartment building features a unit mix of 3br/2ba and 2br/2 ba units on an expansive 14,000 SF lot. Each unit includes central AC/heating, individual water heaters, and some units feature in-unit laundry, newer flooring, and a freshly painted interior. Gas and electric are individually metered, and there is one master water meter serving the property. On-site amenities include dedicated covered parking spaces for all units and common laundry facility. Most units are occupied by long-term tenants, providing immediate income and upside potential for rent growth. The property sits in a high-demand rental market with a Walk Score of 81, located in close proximity to the retail centers along Las Tunas, San Gabriel Valley Medical Center and key commuter corridors including Valley Blvd and Alhambra’s Main St., and easy access to neighboring cities of San Marino and Alhambra. This property offers immediate income, future appreciation, and long-term investment value in one of the most desirable neighborhoods in the San Gabriel Valley.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1989
- Lot Size
- 14,080 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 10,228 | 6,811 | 50% |
| Lot Size | 14,080 | 13,115 | 50% |
| Price | $4.30M | $2.90M | 50% |
| Price per sq ft | $420 | $431 | 50% |
| Built year | 1989 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 89 | 0% |
Pricing History
Listed for Sale
Nov 3, 2025
$4,300,000
Initial Listing
Sold
Aug 17, 2001
$1,100,000
Public Record









