9123 E Fairview, San Gabriel, CA 91775

$2,388,888

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List Price
$2,388,888
Status
ACTIVE
MLS#
IG26141285
Year Built
1952
Lot Size
21,035
Acres
0.48
Lot Location
Back Yard, Front Yard, Lawn, Landscaped, Rectangular Lot, Street Level, Yard
Days on Market
21
Property Type
Multifamily
Style
Ranch
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

A truly rare opportunity to own one of San Gabriel's most unique and versatile properties, ideally located within the highly acclaimed Temple City Unified School District. Situated on nearly 1/2 acre, this exceptional property features 4 separate residences totaling approximately 5,300 square feet, creating endless possibilities for owner-occupants, investors, multi-generational families, and developers alike. The property consists of a vacant and beautifully staged 4-bedroom, 2.5-bath 2400 sqft main residence, a 2-bedroom, 1.5-bath townhome, a 2-bedroom, 1-bath front residence, and a 1-bedroom, 1-bath middle residence. Three of the four residences are currently tenant occupied, providing immediate rental income, while the vacant main home offers the opportunity to move right in or select your own tenant. The additional residences have been tastefully updated with fresh paint, new flooring, and remodeled bathrooms, creating a turnkey investment with immediate income potential. The main residence is filled with warmth and character, showcasing spacious living areas, distinctive architectural details, dramatic brick fireplaces, an inviting indoor conversation area centered around a suspended fireplace, and generous entertaining spaces that are seldom found in today's homes. The expansive lot provides excellent separation between the residences, abundant parking, and a private, estate-like setting rarely found in this desirable San Gabriel neighborhood. Whether you're a first-time buyer looking to offset your mortgage with rental income, a VA buyer seeking to maximize the benefits of owner-occupied financing, an investor searching for multiple income-producing units, or a buyer looking to create a true multi-generational family estate, this property offers flexibility that is nearly impossible to duplicate. The nearly half-acre parcel also offers exciting long-term potential. A similar neighboring property, once improved, was redeveloped into four newly constructed single-family homes, showcasing the area's strong redevelopment activity (Buyers should verify zoning and development possibilities with the City of San Gabriel).Properties offering this combination of immediate rental income, owner-occupant flexibility, substantial land value, & long-term upside rarely come to market. Whether your vision is to live, invest, build, or create a legacy property for generations to come, this remarkable San Gabriel property presents an opportunity unlike any other.

Additional Information

Appliances
Gas Oven, Water Heater
Pool Description
None
Fireplace Description
Decorative, Family Room
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Neighborhood
Exterior Construction
Stucco
Roof
Composition, Flat
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), Recessed Lighting, Storage, Sunken Living Room, Bar, Bedroom on Main Level, Galley Kitchen, Main Level Primary, Multiple Primary Suites, Workshop
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$146,400

Listing courtesy of Listing Agent: Matthew Hilliard (mhilliard@navigaterealestate.org) from Listing Office: Navigate Real Estate, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.