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9074 Huntington Dr, San Gabriel, CA 91775

$2,398,000 12 Bedrooms 8 Bathrooms 6,456 Square Feet

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THE IVY MANOR - 8 UNITS!
$2,398,000
12 BEDROOMS
8 BATHROOMS
6456 SQUARE FEET
LOT SIZE:
13,942
PROPERTY OVERVIEW

The Ivy Manor is an absolute gem waiting to be polished!
This trophy property was built in 1956 on an almost 14,000
SF R3 lot, the subject property features four 1Br's and four
2Br's with rear detached carport parking and a rear storage
unit. Units are spacious and average over 800 SF. Occupied
by long term tenants, there is tremendous rental upside. The
rents on most apartments could be practically doubled by a
new owner. This is an ideal addition to any astute owner's
portfolio. The property has separate gas and electric meters,
and hot water heaters. There is mostly copper plumbing on
the property. Interior photos shown are of apartment #2,
which features granite counter tops. All tenants are month to
month, and a few are behind on their rent.

LOCATION OVERVIEW

Supremely located across the street from the city of Arcadia,
as well as Clearman's North Woods Inn and Michillinda Park.
Only 1 mile from the Westfield Santa Anita Mall and near the
Santa Anita Racetrack, Arboretum, CalTech, the Huntington
Library and much more. WalkScore of 85, the location of this
property is ideal for not only Buyers wanting a prestigious
location in the San Gabriel Valley, but also for tenants who
want easy access to all the San Gabriel, Arcadia, Temple
City, San Marino and the surrounding areas have to offer.
The city of San Gabriel covers approximately 4 square miles
and is bordered by San Marino, Aracdia, Temple City,
Alhambra, and Rosemead. The largest employer is the San
Gabriel Valley Medical Center on W. Las Tunas Dr. There is a
total of almost 14,000 housing units in San Gabriel, half of
which are rentals. These units house a population of more
than 40,000 people, appx. 60% of whom are Asian, and
appx. 25% of whom are Latino. The median family income in
San Gabriel is over $61,000 per year. (source: City of San
Gabriel website). However, the average household income
within a 1.5 mile radius is over $88,000. These factors and
more create a highly unique community and very desirable
tenant demographic for many building owners!
ADDITIONAL INFORMATION
  • MLS #17-211870
  • Built in 1956
  • Area of Town: San Gabriel
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SCHOOL INFO

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contact
Charlie & Dana Coronado
Keller Williams Realty
323-841-2911 ~ 310-562-9630
CalBRE# 01723306 / 01746702
  
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