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1232 S San GabrielSan Gabriel, CA 91776

For Sale

$7,150,000

Smart Buyer Rebate $71,500

We are pleased to present the exclusive opportunity to acquire the Emerald Apartments, a premier 36-unit multifamily investment located in the high-demand core of San Gabriel, California. Offering the lowest price per unit on the market, this well-maintained asset at 1232 S. San Gabriel Boulevard provides investors a rare combination of immediate stability and long-term appreciation. It is perfectly positioned within one of the San Gabriel Valley’s most historic and supply-constrained submarkets. Known as the "Birthplace of the Los Angeles Region," San Gabriel blends cultural heritage with modern suburban convenience. Residents of the Emerald Apartments benefit from a sophisticated regional transportation network, enjoying seamless access to the I-10, I-210, SR-60, I-605, and I-710 freeways. This central positioning serves as a vital commuter hub, connecting the workforce to major employment centers across Los Angeles, Orange, Riverside, and San Bernardino Counties. The Emerald Apartments is defined by classic architecture and a professional blend of lush, mature greenery and sustainable, drought-resistant landscaping. Residents benefit from a comprehensive amenity package that includes controlled gated entry, a central courtyard, and a convenient on-site laundry facility, all complemented by a plethora of surface parking. The modernized interiors feature functional, open layouts designed for contemporary living, highlighted by gourmet kitchens with updated countertops, cabinetry, drawer fronts, and full-size appliances including modern oven ranges, refrigerators, and pantries. These high-end finishes are further enhanced by durable vinyl wood plank flooring, updated lighting and plumbing fixtures, ceiling fans, and vertical blinds. Each residence ensures year-round comfort with dedicated wall-mounted A/C and heating units within a strictly smoke-free community. This stable, well-maintained asset provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a premier submarket. The property’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, this offering provides long-term stability and an exceptional foothold in the thriving San Gabriel Valley economy.

Listed by Eric Chen

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CB RICHARD ELLIS

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626-757-5717

Last updated April 09, 2026

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Source: CRMLS #CV26060477

Listing Facts

  • TypeMulti-family
  • NeighborhoodSan Gabriel-Rosemead
  • Days on Prevu46

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/09/2026
Price Decreased
$7,150,000
03/19/2026
Listed by CB RICHARD ELLIS
$7,350,000

Property Details for 1232 S San Gabriel

Association

Amenities

  • Community Features: Curbs, Sidewalks

Exterior

Construction

  • Number Of Units Total: 36
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1963
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 12,441
  • Building Area Units: Square Feet
  • Lot Features: 36-40 Units/Acre
  • Lot Size Acres: 0.37
  • Lot Size Area: 16,541
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 16,541
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.84
  • Gross Income: $667,202.00
  • Operating Expense: $215,850.00

Taxes

  • Parcel Number: 5372004007

Other

Location

  • Tax Block: 32

Parking

Parking

  • Open Parking Spaces: 17
  • Parking Total: 17

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1232 S San Gabriel.

Does this multi-family home have parking?

Yes, there are 17 parking spaces available for 1232 S San Gabriel.

1232 S San Gabriel is a -bedroom multi-family home for sale in San Gabriel CA 91776. Listed on Prevu for 46 days at $7,150,000. This includes a recent price decrease of $200,000. This home is located in San Gabriel. The median listing price for multi-family homes in this area is $2,069,000. The home offers parking. Browse more multi-family home listings in San Gabriel.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.