5730 N Willard Avenue

    San Gabriel, CA 91775
    • $15,700,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: 19503922
    UPDATED: 30 min ago
    $15,700,000
    • 0
      BEDS
    • 1.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 38,996
      SQFT
    • $403
      $/SQFT
    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 CARETS as of 2019-11-15T07:44:14.38. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98332676

    5730 N Willard Avenue San Gabriel, CA 91775

    • Price: $15,700,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 19503922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.55
    Acres
    38,996
    SQFT
    $403
    $/SQFT
    Neighborhood:
    San Gabriel (654)
    County:
    Los Angeles
    Area:
    San Gabriel (654)
    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

    Parking Features Uncovered Parking Spaces Total 81 Parking Type CarportOther Pool Descriptions Fenced

    Interior Features

    Appliances Garbage Disposal Cooling Type Wall Unit(S) Floor Material CarpetWood Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.5 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 1062696.00 Country United States Of America Expense Cable TV 1400.00 Expense Electric 7367.00 Expense Gardener 4800.00 Expense Gas 16829.00 Expense Insurance 12563.00 Expense Licenses 1500.00 Expense Maintenance 37200.00 Expense Management 30924.00 Expense Manager 46200.00 Expense Other 12400.00 Expense Pool 3000.00 Expense Tax 193903.00 Expense Total Annual 396531.00 Expense Trash 10399.00 Expense Water 18046.00 Gross Operating Income 1030815.00 Gross Rent Multiplier 14.86 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 634284.00 Number Of Buildings 3 Security Safety Gated Community Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 957.00 Unit Monthly Rent02 1259.00 Unit Monthly Rent03 1564.00 Unit Monthly Rent04 1722.00 Unit Projected Total Monthly Rent01 16800.00 Unit Projected Total Monthly Rent02 7500.00 Unit Projected Total Monthly Rent03 72150.00 Unit Projected Total Monthly Rent04 7800.00 Unit Total Monthly Rent01 13642.00 Unit Total Monthly Rent02 6294.00 Unit Total Monthly Rent03 61068.00 Unit Total Monthly Rent04 7034.00 Unit Type01 14 Unit Type02 5 Unit Type03 39 Unit Type04 4 Units Total In Complex 62 Zoning La R3

    Listing provided courtesy of Priscilla Nee DRE#01435254 of Cb Richard Ellis, Inc..


    Based on information from CARETS as of 2019-11-15T07:44:14.38. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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