Description
RARE GEM IN THE HEART OF SAN GABRIEL. WITHIN DISTANCE OF PACIFIC SQUARE SAN GABRIEL NEWEST MIX USE, A 925,325 SF PROJECT.
Built in 1963, Emerald Beach Apartments is a 36 Unit Single Building. The property is located conveniently within shops and restaurants on Valley Blvd and San Gabriel Blvd. The property is situated 1 mile from San Gabriel Square, Focus Plaza, Sheraton, "The One" and more Mixed Use Projects. 1/2 Mile North of the Property boasts a new Mixed Use Development by Pacific Square and Rubio Village. This property is composed of two (2) two bedroom, one bathroom units, two (2) one bedroom, one bathroom units and thirty-two (32) studio one bathroom units, with (17) seventeen designed parking spaces, with plenty of street parking. 20 OF THE 36 UNITS ARE RENOVATED, PROPERTY IS CURRENTLY 94% OCCUPIED. CURRENT CAP RATE OF 4.32% AT CURRENT OCCUPANCY, 5.62% ESTIMATED AT PROFORMA
Location
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