Property Detail
Description
We are pleased to present Elm Apartments, a 4+1-unit apartment community in San Gabriel, CA. The property consists of large 2 and 3-bedroom units with 1 non-conforming studio, providing an investor with an additional income stream. The units are spacious with in-unit washer and dryer hookups and have been renovated with vinyl flooring, stainless steel appliances, and granite countertops. With strong in place rents, the property generates a current cap rate of 4%, 6.1%, with market rents, offering an investor roughly 33% upside. Since this property is legally 4 units, an investor can also benefit from favorable residential financing, making it a perfect fit for investors seeking a well-located asset with upside potential.
Map Location
Listing provided courtesy of Ryan Loria of Triqor Group. Last updated 2024-05-04 08:11:21.000000. Listing information © 2024 CRMLS.
Address
930 Prospect St. La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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