613 E Wells Street, San Gabriel, California 91776, San Gabriel, 91776 - 2 bed, 1 bath
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San Gabriel, California 91776
This Development-Ready Multi-Family Opportunity is a Strong Value Opportunity, listed at $799,000—positioned well below the $886,853 Fair Market Value by 9%. This valuation gap offers $87,853 in Instant Equity for buyers. While the current structure holds a Fair Condition Rating, the value is anchored by city-approved plans for two residences totaling 2,263 sq. ft. and a 7,302 sq. ft. lot with ADU potential. Located in the prestigious San Gabriel Unified School District, this high-upside asset is ideal for Real Estate Developers or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 613 E Wells Street Subject | $799,000* List Price | 2 | 1 | 1,064 | $834 | - |
A 1112 Manley Sold | $1,031,000 | 2 | 2 | 1,150 | $897 | 0.5 mi |
B 925 Walnut St. Sold | $990,000 | 3 | 2 | 1,094 | $905 | 0.5 mi |
C 1015 Bilton Way Sold | $930,000 | 3 | 1 | 1,036 | $898 | 0.6 mi |
D 8313 Frandsen Street Sold | $820,000 | 2 | 1 | 875 | $937 | 0.9 mi |
E 939 S Ramona St Sold | $935,000 | 3 | 2 | 1,429 | $654 | 1.0 mi |
F 524 E Main Street Sold | $750,000 | 2 | 1 | 814 | $921 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, the property is in fair condition, showing a mix of partial cosmetic updates and deferred maintenance. The interior features newer laminate flooring and a functional kitchen with a modern tile backsplash and standard appliances. However, the exterior exhibits significant peeling paint and weathered trim, and the overall infrastructure remains dated, requiring modernization and minor repairs to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7302, living area = 1064.
The property features city-approved plans for two structures, including a front house expansion and a new back house, offering immediate value-add potential for investors or developers.
Situated in a highly sought-after San Gabriel neighborhood with an excellent school district, ensuring strong long-term property value and high demand from families.
Built in 1927, the existing structure likely requires significant modernization or full execution of the approved plans to meet contemporary living standards.
The current configuration offers only one bathroom for a two-bedroom plus den layout, which may be insufficient for modern families until the expansion is completed.
Charming Multi-Family Opportunity in Prime San Gabriel Neighborhood with excellent school district. Attention homeowners and developers! This is a rare opportunity to own a versatile property in one of San Gabriel's most desirable and high-demand neighborhoods. Situated on a generous 7,302 sq ft lot, the existing home offers 2 bedrooms, a den, and 1 bath, full of charm and great curb appeal. Enjoy a welcoming patio overlooking a beautiful tree-lined street, along with a spacious, mostly shaded backyard--perfect for relaxing or entertaining family and friends. What truly sets this property apart is the incredible development potential. The city has already approved plans for two structures:Front House: Option to renovate and move in, or expand into a 3-bedroom, 2-bath home.Back House: Approved for a spacious 2-bedroom + den, 2-bath layout. Total Planned Living Space: Approximately 2,263 sq ft, plus a large existing garage with potential for conversion into additional living space (ADU possibilities). Whether you're an investor, developer, or homeowner looking to create a multi-generational living setup, this property offers endless possibilities to bring your vision to life.Don't miss this unique chance to maximize value in a sought-after location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,064 | 1,458 | 25% |
| Lot Size | 7,302 | 6,439.5 | 65% |
| Price | $799.0K | $942.5K | 15% |
| Price per sq ft | $751 | $713 | 55% |
| Built year | 1927 | 1956 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 162 | 5% |
Mar 30, 2026
$799,000
Initial Listing
Jun 6, 2012
$395,000
Public Record
Mar 27, 2012
$365,000
Public Record