401 Clary Ave

A pride-of-ownership 6-unit garden style value-add apartment located in the Mission District - across the street from the historic San Gabriel Mission (Chapel, etc.) and just within walking distance to San Gabriel Valley Medical Center/Hospital, and San Gabriel City Hall. Only several blocks from Alhambra Golf Course and Almansor Court, this is a rare offering for small asset with this quality and unit mix in one of the best locations in the City of San Gabriel. It is in a NO Local Rent control area and only under California AB1482. Long time owner for 10 years, all tenants are month-to-month which translates to significant rental upside and ADUs upside (buyer to verify).
The property is a 2-story garden style apartment with a total of 6,380 SF, which translates to large units (estimated average unit size is ±1,060SF/unit – buyer to verify!). It offers an excellent unit mix of two (2) x 2bedroom+2bathroom and four (4) x 2bedroom+1bathroom units. It was built in 1962 and situated on a ±9,494SF corner lot offering excellent visibility and great curb appeal. Unit F is an unusually large 2bedroom+2bathroom unit with central HVAC and a large wrap around balcony.
Parking is provided via three (3) x 2 car garages, and two (2) x 1 car garages, and 1 open space for a total of 9 parking spaces. It has a shared laundry facility (laundry lease) and each unit is individually metered for electricity and gas. Recent capital improvements including windows upgrade throughout, recently painted exterior (±6-7 years ago), and mostly replaced sprinkler pipe.
DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS.