407 W Norwood Place, San Gabriel, California 91776, San Gabriel, 91776 - 0 bed, 0 bath
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San Gabriel, California 91776
This High-Potential Investment Opportunity is a Triplex listed at $1,250,000, positioned slightly above the $1,226,876 Fair Market Value. While not a discount acquisition, the property offers significant long-term upside through its 10,002 sqft R3-zoned lot, which supports redevelopment or ADU expansion. With a Condition Rating of 4, the asset requires modernization, yet the vacant units allow for immediate market-rate leasing. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 407 W Norwood Place Subject | $1,250,000* List Price | 0 | 0 | 2,084 | $589 | - |
A 1031 Prospect Active | $1,399,000 List Price | 5 | 4 | 2,420 | $578 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, the property is nearly a century old. The kitchen is highly dated with cabinetry and tile work likely exceeding 30 years in age. While the units are functional and currently income-producing, the property requires significant cosmetic updates and likely system modernizations to reach full market potential, as reflected in the listing's emphasis on redevelopment and ADU potential.
The oversized 10,002 sqft lot with R3 zoning provides significant long-term value through potential redevelopment, expansion, or the addition of ADUs.
With the 3-bedroom front house and one rear unit delivered vacant, investors can immediately capitalize on current market rents or facilitate an owner-occupied financing strategy.
Centrally located near major shopping centers, diverse dining, and freeway access, the property sits in a high-demand area ensuring low vacancy rates.
Built in 1926, the property likely requires ongoing maintenance or capital improvements to modernize systems and structural components compared to newer builds.
The primary 3-bedroom unit features only one bathroom, which may limit its appeal to larger families and impact the maximum achievable rent for that unit.
Rare investment opportunity in the heart of the San Gabriel Valley! This income-producing triplex sits on a large R3-zoned lot and features an excellent unit mix with one 3-bedroom, 1-bath front house and two 1-bedroom, 1-bath rear units. The front 3BD/1BA unit and one rear 1BD/1BA unit are currently vacant, providing immediate owner-occupancy or the opportunity to lease at current market rents, while the remaining rear unit is tenant occupied and generating rental income. The spacious lot offers outstanding long-term potential for redevelopment or future expansion or ADU (Buyer to verify with the City of San Gabriel). Ideally located near supermarkets, restaurants, shopping centers, schools, parks, public transportation, and major freeways, this property offers convenience, strong rental demand, and exceptional upside. Whether you're an investor seeking stable cash flow, a 1031 exchange buyer, or an owner-occupant looking to offset your mortgage with rental income, this versatile property is a rare find in one of the San Gabriel Valley's most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,084 | - |
| Lot Size | 10,002 | - |
| Price | $1.25M | $1.47M |
| Price per sq ft | $600 | $673 |
| Built year | 1926 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 45 |
Jul 16, 2026
$1,250,000
Initial Listing
Nov 28, 2017
$949,000
Public Record
Jun 29, 1994
$205,000
Public Record