Rare opportunity for a 32-unit multifamily investment property located at 401 E. Live Oak Street in San Gabriel, California. The unit mix consists of 17 one-bedroom, 13 two-bedroom, and 2 three bedroom units with large balconies or private patios. Tenants can enjoy views of the central garden courtyard/pool and access to a well-maintained sundeck, enhancing the property's overall experience. The property includes secure gated access, a dedicated single-car covered parking space for each unit, and an on-site laundry facility along with additional supply rooms. This well-maintained asset provides stable rental demand supported by its proximity to the San Gabriel Country Club and surrounding residential community. Live Oak Apartments represents a rare opportunity to acquire a quality multifamily asset in a supply constrained, high-demand San Gabriel/San Marino adjacent location.
Attractive in-place financing is available at a fixed rate of 3.92% through November 2026, for immediate cost savings for investors. The property also offers ADU development potential, providing an opportunity to increase unit count and future income. Additionally, a new owner will have the ability to implement a RUBS program, dramatically increasing cash flow and improving overall returns.
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Listing Snapshot
Price
$10,700,000
Days On Site
40 Days
Bedrooms
N/A
Inside Area (SqFt)
32,601 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.1622 Acres
Year Built
1961
MLS® Number
OC25220267
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a month ago
Listing first seen on site
a month ago
Listing updated with changes from the MLS®
General Features
Acres
1.1622
Land Lease
No
Levels
Two
Number Of Stories
2
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
32601
Water Source
Public
Interior Features
Laundry Features
Common Area
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Exterior Features
Lot Features
Paved
Pool Features
Private
Private Pool
Yes
Community Features
Building Access
Live Oak Street
Community Features
Sidewalks
Financing Terms Available
Cash
MLS Area
654 - San Gabriel
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Neighborhood & Commute
Source: Walkscore
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