INVESTMENTS HIGHLIGHTS
- Extremely rare find, FIVE (5) single family houses on 2 lots in San Gabriel
- Long-time owner for more than 20-years! Excellent rental upside potential!
- Very low vacancy history and easy to rent property
- In a quiet residential area just a block from Rosemead Blvd retail corridor
- Minutes away from Westfield Arcadia Santa Anita Mall and Santa Anita Racetrack, and Pasadena
- Good demographics with ±$86,323 average household income within a-mile radius
- Excellent access to Valley Blvd retail corridor, FWY 210 and FWY 10
- In the heart of west San Gabriel Valley; bordered by Pasadena, Arcadia, Temple City and Alhambra
PROPERTY HIGHLIGHTS
- Five single family houses on a very large lots (2 lots combined size is 24,840 SF)
- Excellent unit mix with 3bedroom and 2bedroom houses
- Each house has attached garage, private backyard, laundry hookups, and much more!
- Ample parking: combination of garage and open space parking, NO SOFT-STORY retrofit is required; total of 15 spaces for 5 units!
- Excellent curb appeal, surrounded by newer townhomes and PUD
- Separately metered for electricity and gas, individual water heater in each unit
- 3 units have been updated, 4 units have new vinyl windows, roof are in excellent condition (buyer to verify)
- The front 3-bedroom house has central A/C and heating, the back house has mini split A/C and heating
EXECUTIVE SUMMARY
The Growth Investment Group is proud to offer 5212 N Muscatel Ave, a 5 single family houses situated on 2 parcels in the desirable City of San Gabriel. This rare to find gem of a property is located on a quiet residential street with many new townhouses and PUD developments, yet just a block away from the Rosemead Blvd retail corridor which offers excellent area amenities to tenants. This offering provides a rare opportunity to investors to acquire excellent asset in a very strong rental market.
The property consists of 2 lots. The front lot has 4 SFR units, it was built in 1955, has a total of ±22,043sqft lot, the back lot has 1 SFR on a ±2,797sqft lot. Total combined building size is ±4,381sqft with total combined lot size of ±24,840 SF. It offers an excellent curb-appeal and neatly manicured landscaping. Each house is a stand-alone unit by itself complete with attached garage and private backyard, no shared wall between units.
The front house is a 3 bed + 1.5 bath unit that was recently updated with new flooring, new kitchen, new bathroom, central A/c and heating, laundry hookups and large private backyard. The remaining 4 units are 2bed+1bath houses. From total of 5 units, 3 have been updated, 4 units have updated vinyl windows. Each unit has laundry hookups, private backyard and attached garage. The front house has a large private backyard, while the remaining 4 houses each have sizable private backyard. The back house which sits on a separate lot has 3 car garages (1 is attached the other 2 are detached).
Parking is abundant with 7 attached car garages, 2 additional open space, and 6 tandem spaces in front of the garages, for a total of 15 parking spaces. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit.
The location is superb on a quiet residential street with many new townhouses, PUDs and SFR in the area. It is only a block away from the popular Rosemead Blvd retail corridor with many restaurants, groceries, and shopping centers nearby. It is minutes away from immensely popular Westfield Santa Anita Mall in Arcadia and has easy access to City of Pasadena. FWY 210 and FWY 10 are minutes away from the property. The city of San Gabriel itself is bordered by City of San Marino, Pasadena, Arcadia, Temple City, and Alhambra.