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Millman Team Real Estate

$7,150,000
0.38 Acre Lot

1232 S San Gabriel, San Gabriel, California 91776

  • Residential Income Property Type
  • 1963 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
CV26060477
$7,150,000
1963
0.38 Acre
Active
1
Apartment
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: Common Area
: Public Sewer
$0
Address Map
CA
Los Angeles
San Gabriel
91776
San Gabriel
1232
W119° 54' 34.8''
N34° 5' 5.7''
Merge onto I-10 W, Take exit 25B for San Gabriel Blvd, Turn right onto San Gabriel Blvd
654 - San Gabriel
S
Additional Information
$0
$0
$0
$0
$0
12441
: Sidewalks, Curbs
1
: Two
: 36-40 Units/Acre
36
2026-03-19
7350000
2
2
: Public
Broker/Agent Information
CB RICHARD ELLIS
Eric Chen
Listing Information
C32772
1177
Cash, Cash to New Loan
Active
2026-06-17T17:28:39Z
CRMLS
: Standard
2026-03-19T16:24:42Z
Agent info
Ray Millman
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