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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$1,478,000
247 Saint Francis Street, San Gabriel, California 91776
0Bed
0Bath
2,958Sqft
7,246Lot
Year Built
1937
Close
-
List price
$1.48M
Original List price
$1.48M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
CV25045292
Home ConditionPoor
Features
Good View:
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About this home

We found 3 Cons,5 Pros. Rank: price - $1.48M(89th), sqft - 2958(67th), beds - undefined(50th), baths - undefined(50th).

Unlock an exceptional investment opportunity in the vibrant heart of San Gabriel! R3 Zoning with huge upside potential with the garage spaces. This charming triplex features three unique and well-designed units, ideal for generating consistent rental income. The front unit is a standalone 2-bedroom, 1-bathroom home, boasting 962 square feet of living space. Behind it, you'll find two identical units, each offering 3 bedrooms, 1 bathroom, and 968 square feet of comfortable living. Each unit is individually metered for electricity and gas, providing added convenience for tenants and simplifying management. Laundry hookups are included in each unit, enhancing tenant appeal. The expansive lot provides ample parking options, featuring three detached single-car garages, a carport, and a long private driveway with guest parking at the rear. Situated in a prime location, this property is just steps away from parks, libraries, grocery stores, restaurants, and public transportation. Its easy access to the 10, 210, and 605 freeways ensures seamless connections to the greater Los Angeles area. Nestled in the sought-after San Gabriel Valley, this investment gem combines practicality, desirability, and substantial income potential. Seize this rare opportunity today!

Condition Rating
Poor
Built in 1937, this triplex is 87 years old and shows significant deferred maintenance and outdated features across most units. The kitchens feature very old cabinets, countertops, and appliances (e.g., a built-in oven from decades ago), while most bathrooms are severely dated with old vanities, fixtures, and finishes. Flooring is a mix of worn hardwood, old carpet, and some basic laminate. The presence of window AC units indicates a lack of central HVAC. While functional, the property requires substantial rehabilitation and modernization of major systems (kitchens, bathrooms, HVAC) to meet current living standards and tenant expectations, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

R3 Zoning & Development Potential: The property benefits from R3 zoning, offering significant upside potential for future development or expansion, particularly with the existing garage spaces.
Income-Generating Triplex: As a triplex with three distinct units, the property is designed for consistent rental income, making it an attractive investment opportunity.
Prime Location & Accessibility: Situated in a vibrant area of San Gabriel, it's steps away from essential amenities like parks, libraries, grocery stores, restaurants, and public transportation, with easy freeway access (10, 210, 605).
Tenant-Friendly Unit Features: Each unit is individually metered for electricity and gas, and includes laundry hookups, enhancing tenant convenience and simplifying property management.
Ample Parking Options: The expansive lot provides extensive parking, including three detached single-car garages, a carport, and a long private driveway with guest parking, a significant advantage in a dense urban area.

Cons

Age of Property & Potential for Deferred Maintenance: Built in 1937, the property is over 85 years old, which may indicate a higher likelihood of needing significant capital expenditures for major system updates or general deferred maintenance not detailed in the description.
Lack of Specific Unit Condition Details: The description does not provide information on the current interior condition or recent renovations of the individual units, making it difficult to assess immediate rental readiness or potential upgrade costs.
Limited Bathroom Count for Larger Units: The two 3-bedroom units each feature only one bathroom, which could be a drawback for larger families or multiple tenants, potentially limiting the tenant pool or rental income compared to units with more bathrooms.

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