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Property

San Gabriel, CA 91776 302 E Broadway Street

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Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV25052290
  • 03/10/2025
  • Request Tour
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  • Beds • 11
  • Baths • 3
  • SQFT • 5,626
  • Garage • 2
  • Year Built • 1954

Home Details

We are proud to present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel. The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five-minutes away from The City’s charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly-ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year-round. The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20- mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Broadway Garden Apartments in San Gabriel is a 2-story, 9-unit proper ty built in 1954. The property is situated on one parcel of land with a total of ±20,043 square feet of land and a total building size of ±5.626 square feet. It features a unit mix of one-bed/one-bathroom and three-bedroom/ two-bathroom units averaging 625 square feet per unit. The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717

Interior Features for 302 E Broadway Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 302 E Broadway Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.15
Carport Y/NNo
CitySan Gabriel
Community FeaturesCurbs, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsMerge onto I-10 W, Take exit 25B for San Gabriel Blvd, Turn right onto San Gabriel Blvd, Turn left onto E Broadway
Electric Expense296.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense478.0
Garage Spaces2.0
Garage Y/NYes
Gross Income199878.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6300.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet20043.0
Lot Size UnitsSquareFeet
MLS Area654 - San Gabriel
MaintenanceExpense6750.0
MobileHomeRemainsYNNo
Net Operating Income119573.0
New ConstructionNo
Number Of Units Total9
Open Parking Spaces12.0
Operating Expense74309.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot9
Taxes$36,479
Trash Expense7072.0
Water Sewer Expense7397.0
Year Built1954
Year Built SourceAssessor
ZoningSLR3YY

Exterior for 302 E Broadway Street

Building Area Total5626.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.4601
Lot Size Area20043.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking14.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,880,000
MLS#CV25052290
List Date 03/10/2025
Property Type Multi-Family
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