Exclusive Listings

32-Unit Upgraded Apartment in Temple City School

Address:
6648 Rosemead Blvd
San Gabriel, CA 91775
Price:
$9,500,000
Status:
Available
Type:
Apartment
# Units:
32
Year Built:
1966
Building Size:
20,456 SF
Lot Size:
31,643 SF
CAP Rate:
3.89%
GRM:
16.08x
Price/Unit:
$297,000
Price/SqFt:
$464

INVESTMENT HIGHLIGHTS:

  • Highly desirable location in north San Gabriel and within Temple City Unified school district
  • Prominent location on Rosemead Blvd with easy access to many amenities City of San Gabriel, City of Arcadia, and City of Pasadena have to offer
  • Extensively upgraded apartment building with upgraded units; Low maintenance with UPSIDE rental potential
  • Strong demographics with ±$105,000 average household income within a 1-mile radius
  • One of strongest submarkets in San Gabriel Valley; comparable to City of Arcadia, Pasadena, and South Pasadena
  • Nearby local and national retailers on Rosemead Blvd and Duarte Rd. with easy access to FWY 210 and FWY 10
  • Within minutes to Santa Anita Mall in Arcadia and Santa Anita Race Track; walking distance to Huntington Drive Retail Corridor and in Rosemead Blvd Retail Corridor
  • Recent capital improvements: new roof, new dual pane windows throughout, new exterior paint, recently filled up swimming pool, new fiberglass decking and sealing for 2nd floor walkway, new rain gutter system, new landscaping and sprinkler system, new water heaters, new entrance system, and much more.
  • Excellent unit mix with more than 50% are 2bedroom units
  • Garden style apartment with excellent curb appeal
  • Ample parking, ZERO tuck-under parking
  • Amenities rich location and property

 

LIST OF CAPITAL IMPROVEMENTS (renovation completed in 2016-2017)

  • New Roof
  • Complete rehab of all 32-units
  • Filled-in swimming pool to become courtyard area
  • New water heater (2 x 100 gallon)
  • New rain gutter
  • New security doors for 32-units
  • New landscaping, plants and sprinkler system
  • New entrance and access keypad
  • New elite motor for driveway gate entrance
  • New gas stove and A/C units
  • Repaired asphalt driveway
  • New double pane windows throughout
  • New exterior paint
  • New signage
  • Fiberglass decking and sealing for 2nd floor walkway
  • Mailbox upgrade
  • Laundry room renovation


EXECUTIVE SUMMARY

The Growth Investment Group is proud to offer JUNIPER POINTE – 6648 Rosemead Blvd., a 32-unit completely upgraded apartment investment opportunity located in the City of San Gabriel, CA. The property is unique due to its strategic location in the north side of City of San Gabriel, bordered by the City of Arcadia on its east side, and the City of Pasadena on its north side. It has a prominent frontage on Rosemead Boulevard with superb access to nearby amenities such as school, local and national retailers, public transportation, and freeways (FWY 210 and FWY 10).

The property is assigned to Temple City Unified School District (Longden Elementary, Oak Ave Intermediate, and Temple City High School), which considered as one of the best school districts in West San Gabriel Valley area. It is in a superior demographics area with ±$105,000 average household income within a 1-mile radius.

 

The property is a two-story garden style apartment with a center courtyard and many amenities. It was built in 1966 and is situated on a large 31,643 square feet lot. It has secured entry, sundeck, security cameras installed, center courtyard, intercom system, barbeque area, and bike rack. It is separately metered for electricity and gas. The property offers a desirable unit mix of eighteen (18) 2bed+1bath units and fourteen (14) 1bed+1bath units. It has 35 parking spaces (30 carports + 1 garage + 4 open space parking) with an ability to add 2 more space by re-striping the open space area.

The property has been renovated with many capital improvements which includes new roof, new dual pane windows throughout, new exterior paint, new fiberglass decking and sealing for 2nd floor walkway, new rain gutter system, new landscaping and sprinkler system, new water heaters, new entrance system, and many more.

All units have been upgraded with new dual pane windows, granite kitchen countertops, new kitchen cabinetry, new windows A/C, new gas stove, new laminate wood flooring, travertine tile flooring in the kitchen, completely upgraded bathroom with new vanity (granite counter), tiled bathroom and tiled bathtub wall, clear bathtub glass door, new linen cabinets, and many more.

 

LOCATION AMENITIES AND ACCESS

The property occupies the highly desirable location on Rosemead Blvd with easy access to FWY 210 and FWY 10. It is within walking distance to the City of Arcadia and City of Pasadena.  Nearby attraction includes Westfield Santa Anita Mall in Arcadia, Santa Anita Race Track, Huntington Drive retail corridor, and Rosemead Blvd retail corridor. The property is located within the award winning Temple City Unified School District.

Because of its convenient location and prominent frontage on Rosemead Boulevard, the apartment has a superb exposure and excellent curb appeal that makes the property easy to rent.


Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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