Restricted Address SAN GABRIEL, CA 91775

Features

• Price/sqft : View Details
• Lot Size : View Details
• Total Units : View Details
• Total Rooms : View Details
• Room List : View Details
• Construction Type : View Details

Facts

• Year Built : View Details
• Property ID : View Details
• MLS Number : View Details
• Parcel Number : View Details
• Property Type : View Details
• County : View Details

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Court Confirmation & Overbid Hearing: April 14th, 2025. Starting Minimum Bid: $6,100,000. See private remarks for all details and further instructions to overbid. The San Marino Park Arms is a 22-unit apartment building, with 5 units being delivered vacant. This two-story garden-style walk-up building was built in 1960 and encompasses 18,820 SF on a 26,166 SF lot. The property features 26 covered parking spaces, a common area courtyard, and laundry facilities.The unit mix comprises: (8) 2 Bedroom + 2 Bathroom units - (6) 2 Bedroom + 1 Bathroom units (8) 1 Bedroom + 1 Bathroom units. Prime San Gabriel Valley location, steps from the San Gabriel Country Club, with easy access to major freeways, top-rated schools, and a wealth of shopping, dining, and entertainment options in neighboring cities such as San Marino, Pasadena, and Arcadia.6230 N. San Gabriel Blvd. offers multiple opportunities to enhance cash flow. The vacancies allow a new owner to implement a value-add strategy to bring units up to market rental rates. Additionally, there is potential to add Accessory Dwelling Units (ADUs), convert the laundry facilities from a lease to owned, and apply capital expenditures to improve the building's exterior.