Exclusive Listings

Growth Investment Group California is proud to offer 401 Clary Ave, a pride of ownership property in one of the best locations in the City of San Gabriel (core area).  The property is a pride-of-ownership 6-unit garden style apartment located in the Mission District - across the street from the historic San Gabriel Mission and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel.

The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit – buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony.

Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces.  It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe.

LOCATION AND AMENITIES

Located within San Gabriel Mission District and just across the street from the historic San Gabriel Mission, tenants enjoy the convenience of this location. This location has Walk Score of 86 and just within walking distance to hospitals, and other amenities in the city of San Gabriel. Tenants can find many restaurants and shopping centers along Las Tunas Drive which is several blocks away from the property. Location is bordered by San Marino on the north, and Alhambra on the west. The location offers convenient access to FWY 10.

PROPERTY HIGHLIGHTS

• Very well-maintained apartment with an excellent curb appeal
• Superior unit mix with all 2bedroom units
• Large building size of 6,380 SF (avg. unit size is ±1,050SF)
• ADU’s Upside (buyer to verify)
• Corner lot offering excellent visibility in a mature residential area.
• 8 garage parking + 1 open space, individually metered for electricity and gas, shared laundry, additional storage rooms.
• Building does not have any tuck-under parking; NO parking soft story retrofit required (buyer to verify)
• One unit has oversized balcony, Dual pane windows throughout

INVESTMENT HIGHLIGHTS    

• Unbeatable location in the city of San Gabriel (not unincorporated area), Mission District location; Across the street from the historic San Gabriel Mission & Chapel and walking distance to San Gabriel Valley Medical Center & Hospital, San Gabriel High School, and San Gabriel City Hall
• NO LOCAL Rent Control; under California AB1482 Statewide Rent Control
• Long-time owner for 10 years.
• Walk Score 86! Easy access to Pasadena, San Marino, Arcadia, and Alhambra
• Excellent demographics with $98,963 household income within a 1-mile radius
• Strong rental market within low vacancy area; Rental upside
• Located close to public transits and convenient access to FWY 10