Showcasing an exciting investment SOLD by Southern California Apartment Group, under the guidance of Shant Sherbetdjian! This 10-unit property is strategically located in the heart of San Gabriel. Connect with us today for more information on this recent sale!

Transaction Highlights

• Our Creative Marketing Campaign Produced MULTIPLE OFFERS Giving the Seller an Advantage to Pick-And-Choose
• Shant Sherbetdjian's Strategy to Obtain the Highest and Best Terms Resulted With an All CASH OFFER!
• Closed at an Impressive $474.90 Per Square Foot and at a 15.38 GRM on Current Rents
• Delivered a Record Price for Unincorporated San Gabriel
• Out-Of-State Seller was Done with California’s Stringent Rent Control & is Currently Exchanging into an Out-Of-State Triple Net (NNN) Investment
• Team Sherbetdjian Worked Hand-in-Hand with the Seller Preparing Their Books & Records (Due Diligence Items)
• The Draconian Rent Control Laws of Unincorporated San Gabriel Did Not Deter Shant Sherbetdjian from Delivering a Successful Close
• Long-Time Apartment Owner No Longer Wanted to Deal with California’s Stringent Rent Control Laws
• Buyer Purchased a Very Walkable (83 Walk Score) Property Located Near Their Other Properties

Investment Highlights

• Rare San Gabriel Offering | First Time on the Open Market In 20 Years!
• Easy-To-Operate Building with High Demand for Rental Units | Low Vacancy History
• Great Unit Mix of Spacious 1 Bedroom + 1 Bathroom Units | Rental Upside Potential +/- 20%
• Near Shops & Restaurants on S San Gabriel Blvd & E Las Tunas Dr.
• In the Heart of San Gabriel | Bordered by Temple City, San Marino & Alhambra
• Separately Metered for Gas & Electricity | On-Site Laundry and On-Site Parking
• Two Blocks from the San Gabriel Country Club & Good Fortune Supermarket
• Located in Unincorporated San Gabriel | 4% Maximum Annual Rent Increase as of 01/01/2024