5730 N Willard Avenue

    San Gabriel, CA 91775
    • $15,700,000
    • STATUS: Pending
    • ON SITE: 177 days
    • ID#: 19503922
    Pending
    UPDATED: 9 min ago
    $15,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Coral Reef is a two-story, 62 unit multifamily property that was constructed in 1948 and 1963 on an oversized 1.55 acre lot, with a total building size of 38,996 square feet. The lushly landscaped courtyard property offers an intercom entry, a remote controlled parking gate, an on-site laundry facility, a gated pool, 81 parking spaces, and a stand-alone recreation room. The Coral Reef has a desirable unit mix of 14 studios, 5 one-bedroom/one-bathroom units, 39 two-bedroom/one-bathroom units, and 4 two-bedroom/one-and-one-half-bathroom units. Units are spacious and offer carpet and vinyl flooring, gas stoves, garbage disposals, and wall units for heating and cooling. The Coral Reef has been well-maintained and has seen partial unit renovations in approximately 40 units. Partially renovated units have been updated with tile, laminate, and/or vinyl-plank flooring, granite or quartz countertops, new wall units for cooling, and upgraded appliance packages.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T14:31:50.837. 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 RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/98333333

    5730 N Willard Avenue San Gabriel, CA 91775

    • Price: $15,700,000
    • Status: Pending
    • Updated: 9 min ago
    • ID#: 19503922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    654 - San Gabriel
    County:
    Los Angeles
    Area:
    654 - San Gabriel
    Property Description
    The Coral Reef is a two-story, 62 unit multifamily property that was constructed in 1948 and 1963 on an oversized 1.55 acre lot, with a total building size of 38,996 square feet. The lushly landscaped courtyard property offers an intercom entry, a remote controlled parking gate, an on-site laundry facility, a gated pool, 81 parking spaces, and a stand-alone recreation room. The Coral Reef has a desirable unit mix of 14 studios, 5 one-bedroom/one-bathroom units, 39 two-bedroom/one-bathroom units, and 4 two-bedroom/one-and-one-half-bathroom units. Units are spacious and offer carpet and vinyl flooring, gas stoves, garbage disposals, and wall units for heating and cooling. The Coral Reef has been well-maintained and has seen partial unit renovations in approximately 40 units. Partially renovated units have been updated with tile, laminate, and/or vinyl-plank flooring, granite or quartz countertops, new wall units for cooling, and upgraded appliance packages.
    Exterior Features

    Lot Size Source Assessor Parking Features CarportUncovered Parking YN Yes Pool Features Fenced Pool Private YN No

    Interior Features

    Appliances Disposal Appliances YN Yes Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 1062696.00 Gross Multiplier 14.86 Gross Operating Income 1030815.00 Insurance Expense 12563.00 Maintenance Expense 37200.00 Net Operating Income 634284.00 Other Expense 12400.00 Professional Management Expense 30924.00 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Trash Expense 10399.00 Water Sewer Expense 18046.00 Zoning La R3

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T14:31:50.837. 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 RE/MAX Masters. Licensed in the State of California, USA.

     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723