407 W Norwood Place, San Gabriel, CA 91776
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- WS26152102
- Year Built
- 1926
- Lot Size
- 10,002
- Acres
- 0.23
- Lot Location
- Front Yard
- Days on Market
- 11
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Rare investment opportunity in the heart of the San Gabriel Valley! This income-producing triplex sits on a large R3-zoned lot and features an excellent unit mix with one 3-bedroom, 1-bath front house and two 1-bedroom, 1-bath rear units. The front 3BD/1BA unit and one rear 1BD/1BA unit are currently vacant, providing immediate owner-occupancy or the opportunity to lease at current market rents, while the remaining rear unit is tenant occupied and generating rental income. The spacious lot offers outstanding long-term potential for redevelopment or future expansion or ADU (Buyer to verify with the City of San Gabriel). Ideally located near supermarkets, restaurants, shopping centers, schools, parks, public transportation, and major freeways, this property offers convenience, strong rental demand, and exceptional upside. Whether you're an investor seeking stable cash flow, a 1031 exchange buyer, or an owner-occupant looking to offset your mortgage with rental income, this versatile property is a rare find in one of the San Gabriel Valley's most desirable locations.
Additional Information
- Appliances
- Free-Standing Range, Refrigerator
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $80,640
Listing courtesy of Listing Agent: LI YAO (liyao1900@yahoo.com) from Listing Office: PACIFIC STERLING REALTY/Irvine.
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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.