247 Saint Francis Street, San Gabriel, California 91776, San Gabriel, 91776 - bed, bath

247 Saint Francis Street, San Gabriel, California 91776 home-pic-0
ACTIVE$1,490,000
247 Saint Francis Street, San Gabriel, California 91776
0Bed
0Bath
2,956Sqft
7,244Lot
Year Built
1937
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$504
HOA
-
Days on market
-
Sold On
-
MLS number
AR24238684
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.49M(89th), sqft - 2956(67th), beds - undefined(50th), baths - undefined(50th).

This prime 3-unit investment property offers significant upside with low maintenance in a healthy and attractive San Gabriel Valley market. Standalone 2 bed/1 bath home in the front. Two 3 bed/1 bath units in back. Each unit is approx. 1,000 SF.  Individually metered for electricity and gas. Laundry hookups in all units. Three garages in a detached structure with additional parking in a long private driveway. Units fully rented to long-time, reliable tenants on month-to-month agreements. Very low maintenance. Walking distance to the park, library, grocery stores, restaurants, and public transportation. Easy access to 10, 210, 605 freeways. No city rent control.  Drive by only, please do not disturb tenants. Sold as-is.  All information is deemed reliable, but not guaranteed.

Condition Rating
Fair

The property was built in 1937 and the listing mentions that the units are rented to long-term tenants. The images show kitchens and bathrooms that appear functional but outdated, with older appliances and fixtures. While the property seems maintained, it likely requires updates to meet modern standards. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Investment Opportunity: This 3-unit property offers a strong investment opportunity with potential for upside in the desirable San Gabriel Valley market.
Desirable Location: The property is conveniently located within walking distance to parks, libraries, grocery stores, restaurants, and public transportation, offering tenants a desirable lifestyle.
Low Maintenance: The property is described as low maintenance, which can reduce operating costs and increase profitability for the investor.

Cons

As-Is Condition: The property is being sold as-is, which may require the buyer to invest in repairs or upgrades.
Month-to-Month Leases: All units are currently rented to long-term tenants on month-to-month agreements, which may present an opportunity for increased rental income but also carries the risk of tenant turnover.

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