5438 N Delta Street, San Gabriel, California 91776, San Gabriel, 91776 - 2 bed, 1 bath
ACTIVE$850,000
5438 N Delta Street, San Gabriel, California 91776
2Beds
1Bath
624Sqft
7,732Lot
Year Built
1928
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$1,362
HOA
-
Days on market
-
Sold On
-
MLS number
AR25031372
Home ConditionTear down
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $850.0K(21th), sqft - 624(3th), beds - 2(26th), baths - 1(26th).
"Location, location, location! An investor’s dream in San Gabriel—build your own million-dollar home with an additional ADU in the backyard. Conveniently located near supermarkets, shopping centers, restaurants, and more. This is one of the most desirable locations, surrounded by million-dollar homes. A playground is just a few houses away, and Roosevelt Elementary School is within walking distance. Showings will be available at the first open house don’t miss out!"
Condition Rating
Tear down
Built in 1928, this property is nearly a century old. The listing explicitly markets it as an 'investor’s dream' for redevelopment, stating the potential to 'build your own million-dollar home with an additional ADU.' The property analysis further reinforces this, noting the 'small existing structure' is 'likely a tear-down' due to its age, outdated systems, and potential structural issues. The value is clearly in the large lot and its development potential, not the existing 624 sqft structure. The images, consistent with a home of this age and description, would show extremely dated and worn conditions in the kitchen, bathroom, and throughout the house, requiring complete demolition or extensive, costly rehabilitation beyond typical renovation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7732, living area = 624.
Prime Location: Strategically situated in a highly desirable area of San Gabriel, surrounded by million-dollar homes, offering strong potential for property value appreciation.
Development Potential: The property is explicitly marketed as an 'investor's dream' with the potential to build a new million-dollar home and an additional ADU (Accessory Dwelling Unit) in the backyard, maximizing land use and value.
Excellent Local Amenities: Conveniently located near essential amenities including supermarkets, shopping centers, and restaurants, enhancing daily living convenience for future residents.
Family-Friendly Environment: The neighborhood boasts family-oriented features such as a playground just a few houses away and Roosevelt Elementary School within walking distance, appealing to families.
Strong Investment Opportunity: Positioned as an ideal investment for those looking to capitalize on San Gabriel's robust real estate market through redevelopment and value addition.
Cons
Small Existing Structure: The current home is only 624 sqft, which is significantly undersized for the lot and neighborhood, indicating it's likely a tear-down or requires substantial expansion rather than a simple renovation.
Age and Condition of Existing Home: Built in 1928, the property is nearly a century old, suggesting outdated systems, potential structural issues, and the need for extensive modernization or complete redevelopment, which adds to overall project costs.
High Entry Price for Redevelopment: The list price of $850,000 is primarily for the land and its development potential, meaning buyers must factor in significant additional capital for construction or extensive renovation to realize the property's full value.