13 Units - San Gabriel: Property For Sale

Properties For Sale 13 Units - San Gabriel

13 Units - San Gabriel Off Market Deal

817 Padilla Street, San Gabriel 91776

DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.

Offered at:
$5,100,000

Property Description

The 817 Padilla Street Apartments is a rare, non-rent controlled, three-story, 13 unit multifamily property. Built in 1983, the Padilla Street Apartments is situated on a ±17,949 square foot lot with a total building size of ±12,558 square feet. The property offers an excellent unit mix of all two-bedroom/two-bathroom units averaging 966 square feet. The property features a private concrete driveway, 13 two-car garages, beautifully maintained landscaping, new exterior paint, and an on-site elevator for tenants to use. All units feature central A/C and heat, ceiling fans, stone countertops in kitchens, and laminate wood flooring in most units. Every unit includes a private patio or balcony, an assigned garage and garage remote to access the garage.

Living in San Gabriel

San Gabriel is a medium-sized city located in the state of California. With a population of 40,335 people and 12 constituent neighborhoods, San Gabriel is the 205th largest community in California.

Housing costs in San Gabriel are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.

San Gabriel is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, San Gabriel is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in San Gabriel who work in office and administrative support (14.74%), sales jobs (11.25%), and food service (9.19%).

Also of interest is that San Gabriel has more people living here who work in computers and math than 95% of the places in the US.

In terms of college education, San Gabriel is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 32.11% of adults in San Gabriel have a college degree.

The per capita income in San Gabriel in 2010 was $25,244, which is middle income relative to California and the nation. This equates to an annual income of $100,976 for a family of four. 

Income

Two 2-Bedroom 2-Bath $1,900
Six 2-Bedroom 2-Bath $1,850
Three 2-Bedroom 2-Bath $1,825
One 2-Bedroom 2-Bath $1,800
One 2-Bedroom 2-Bath $1,700
Laundry Income $320
Garage Parking Income $60
Monthly Total $24,255

Cash Flow Analysis

Gross Scheduled Income $291,060
Operating Expenses $107,452
Net Operating Income $174,871

Acquisition Data

Down Payment $1,530,000 (30%)
Loan Amount $3,570,000 (70%)

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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