For Sale
$2,325,000

9074 Huntington DrSan Gabriel, CA 91775

Prime San Gabriel location, high rental upside.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit apartment building presents a compelling investment opportunity in desirable San Gabriel, CA. Situated on a spacious 13,947 square foot lot, this two-story, 1956-built property boasts a mix of four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units, each averaging over 800 square feet. The property features 12 parking spaces, including a detached carport and rear storage unit. Currently operating at 100% occupancy with long-term tenants, this asset offers significant rental upside potential, estimated at approximately 80%, based on post-renovation market rents. Recent improvements include a new roof (2023), fresh exterior paint, and a newly paved driveway (2024). The property's location near Arcadia, the Santa Anita Racetrack, and the Shops at Santa Anita, coupled with its proximity to numerous amenities and a high median household income ($88,333 within 1 mile) and home value ($936,095 within 1 mile), ensures strong tenant demand. The large lot size also presents potential for future value-add opportunities, such as the construction of additional dwelling units (ADUs). Located in unincorporated Los Angeles County, the property is subject to County of LA rent control, currently allowing for a 4% annual increase. This meticulously maintained property offers a rare blend of immediate income and long-term growth potential, making it an ideal addition to any discerning investor's portfolio. The asking price is $2,325,000, with a price per unit of $290,625 and a price per square foot of $360. The Net Operating Income (NOI) is $59,787. The property's APN is 5379-003-025 and is zoned LCR3YY.

Highlights

  • New roof installed in 2023.
  • Exterior paint and driveway resurfaced in 2024.
  • Significant value-add opportunity; approximately 80% rental upside potential after renovations.
  • Large 13,900+ square foot lot.
  • Located in unincorporated Los Angeles County, subject to County rent control (currently 4% annual increases).
  • Excellent location, one mile from Westfield Santa Anita, and near multiple amenities including grocery stores and restaurants.

Property Details for 9074 Huntington Dr

Property type
Apartment buildings
Year Built
1956
Buildings
1
Stories
2

Location Insight

City
San Gabriel
County
Los Angeles
State
California
Latitude
34.1301313
Longitude
-118.0705276
9074 Huntington Dr, San Gabriel, California

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9074 Huntington Dr
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