Exclusive Listings

319 N San Marino Ave, San Gabriel

Address:
319 N San Marino Ave
San Gabriel, CA 91775
Price:
$530,000
Status:
Available
Type:
Apartment
# Units:
1
Year Built:
1952
Building Size:
1,375 SF
Lot Size:
2,870 SF
CAP Rate:
1.07%
GRM:
36.81x
Price/Unit:
$530,000
Price/SqFt:
$385

Investment Highlights

  • Superb demographics - area with Average Household Income within a 1-mile radius of $106,340
  • 100% occupied for last 20 years
  • Across the street from Washington Elementary School
  • Close proximity to restaurants, grocery stores, banks, post office, parks and public transportation
  • San Gabriel has sustainable real estate developments underway, along with major city-wide infrastructure improvements in process

Property Highlights

  • First time on the market since 1968
  • long time tenant of approximately 20 years
  • Superb visibility on San Marino Ave
  • Front and rear entrance with parking in back
  • Easy access to 210 FWY, 10 FWY, and 110 FWY


Executive Summary

Growth Investment Group is proud to present 319 N San Marino Ave, a 1,375 square feet retail space in the highly desirable city of San Gabriel walking distance to San Marino. This property has been owned since 1968 and the existing tenant (Allstate) has been there for approximately 20 years. This property will be great for an owner user, investment property, or 1031 exchange buyer.

The property consists of 1,375 square feet building and 2,870 square feet of land. This 1 story building was built in 1952 and has been maintained well by the owner. The property is zoned SLC1*

Location, Access and Amenities

The property is located in an extremely affluent area with an Average Household Income within a 1-mile radius of $106,340. The property is also located in an amenity rich area including restaurants, shops, tea houses, and entertainment. According to San Gabriel Economic Development, “San Gabriel is the Chinese tourist preferred overnight destination because of its central location. The number one reason why Chinese visit is to shop. Things they buy include: Luxury jewelry, watches, clothing, shoes and cosmetics. On average, Chinese tourist spend $3,899 per trip in California.”


Due Diligence


Broker Contact

Donald La
Direct: 626.824.8853
donald.la@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
Copyright © 2018 GIG Real Estate, Inc. dba. Growth Investment Group - Corp. ID 02021933
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