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5212 N Muscatel Avenue

San Gabriel, CA 91776
  • $2,395,000
  • STATUS: Pending
  • ON SITE: 67 Days
  • MLS #: AR21249400
Pending
UPDATED: 83 min ago
$2,395,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Handoko Chen of Gig Real Estate Inc. (626-594-4901)


Description

5212 N Muscatel Ave, a 5 single family houses situated on 2 parcels in the desirable City of San Gabriel (UNINCORPORATED AREA of Los Angeles county). 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. First time for sale for more than TWENTY (20) years!The property consists of 2 lots. The front lot has 4 SFR units, it was built in 1950, has a total of 22,043sqft lot, the back lot has 1 SFR that was built in 1955 and situated 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/123312230
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5212 N Muscatel Avenue San Gabriel, CA 91776

  • Price: $2,395,000
  • Status: Pending
  • On Site: 67 Days
  • Updated: 83 min ago
  • MLS #: AR21249400
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1950
Built
Neighborhood:
654 - San Gabriel
County:
Los Angeles
Area:
654 - San Gabriel
Property Description
5212 N Muscatel Ave, a 5 single family houses situated on 2 parcels in the desirable City of San Gabriel (UNINCORPORATED AREA of Los Angeles county). 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. First time for sale for more than TWENTY (20) years!The property consists of 2 lots. The front lot has 4 SFR units, it was built in 1950, has a total of 22,043sqft lot, the back lot has 1 SFR that was built in 1955 and situated 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.
Exterior Features

Direction Faces West Lot Features Near Public Transit Number Of Separate Electric Meters 5 Open Parking Spaces 8 Parking Features AssignedGarage Parking Total 15 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No

Interior Features

Common Walls No Common Walls Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinylWood Heating CentralWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.04 Common Interest Community Apartment Community Features SuburbanValley Contingency None Current Financing Conventional Electric Standard Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 0 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 9500 Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public Zoning Lca1*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Handoko Chen of Gig Real Estate Inc. (626-594-4901)