Movoto Real Estate
Sold on 07/24/2025
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302 E Broadway St, San Gabriel, CA 91776

$2,800,000

Last sold 07/24/2025 after 136 Days

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    bed

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    bath

Multi-family not for sale

About 302 E Broadway St

Property type Multi-family
Neighborhood
Year built 1954
HOA fee $0/month
Lot size 0.46 Acre
Parking 2 garage spaces
Rental estimate
Property description
We are proud to present a multifamily opportunity at Broadway Garden Apartments located at 302 E. Broadway in the city of San Gabriel. The Broadway Garden Apartments is situated East on Broadway Avenue between South Del Mar Avenue and San Gabriel Blvd and centrally located within the heart of San Gabriel. The Property is within a close proximity to the Hilton Plaza and the Sheraton Hotel and just five-minutes away from The City’s charming Mission District that features live theater performances at the Mission Playhouse and outdoor concerts. The Property is surrounded by nearby shopping centers and a highly-ranked restaurant culture. The community and civic pride are the heartbeats of the historic city and arts and entertainment are found in San Gabriel year-round. The city of San Gabriel is ideally located by offering convenient access to the neighboring cities within the San Gabriel Val ley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20- mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Ani ta Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Broadway Garden Apartments in San Gabriel is a 2-story, 9-unit proper ty built in 1954. The property is situated on one parcel of land with a total of ±20,043 square feet of land and a total building size of ±5.626 square feet. It features a unit mix of one-bed/one-bathroom and three-bedroom/ two-bathroom units averaging 625 square feet per unit. The Broadway Garden Apartments has historically high occupancy and is generating $16,540 in monthly rental income. The property is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Listed by
Listing Agent - ERIC CHEN
Listing Agent Contact: 626-757-5717
Listing Office - CB RICHARD ELLIS
Source: CRMLS mls logo
MLS#CV25052290 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.4601
Lot Size (SqFt) 20043
Year Built 1954
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 5626
# Uncovered Spaces 12
# Parking Spaces 14
# Garage Spaces 2
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks
Zoning SLR3YY
Directions Merge Onto I-10 W, Take Exit 25B For San Gabriel Blvd, Turn Right Onto San Gabriel Blvd, Turn Left Onto E Broadway
APN 5367028032
Multifamily Details
Vacancy Allowance 5996
Expense: Trash 7072
Laundry Income 1398
Operating Expense 74309
Cap Rate 4.15
Expense: Insurance 6300
Total Expenses 74309
Expense: Maintenance 6750
Expense: Water/ Sewer 7397
Gross Income 199878
Gross Operating Income 193882
Expense: Electric 296
Gross Multiplier 14.41
Gross Scheduled Income 199878
Expense: Fuel 478
Expense: Gardener 1920
Rental est.: $1,999/month
Gross rent multiplier: 116.7
  • Jul 2025
    mls logo MLS # CV25052290
  • Jul 24, 2025 Sold
    $2,800,000
  • Jul 9, 2025 Active
    —
  • Mar 10, 2025 Listed
    $2,880,000 (-0.7%)
  • Jul 2025
    Public Records
  • Jul 24, 2025 Sold
    $2,800,000 (-2.8%)
  • Dec 2021
    mls logo MLS # CV21175385
  • Dec 3, 2021 Listed
    —
  • Nov 19, 2021 Active
    —
  • Aug 9, 2021 Listed
    $2,900,000 (-2.7%)
  • Feb 2020
    mls logo MLS # AR20023150
  • Feb 1, 2020 Listed
    $2,980,000
  • Feb 1, 2020 Listed
    $2,980,000 (+31.4%)
  • Jan 2016
    Public Records
  • Jan 12, 2016 Sold
    $2,268,000
  • Jan 2016
    mls logo MLS # TR15195209
  • Jan 12, 2016 Sold
    $2,268,000
  • Jan 12, 2016 Sold
    $2,268,000 (-1.0%)
  • Sep 3, 2015 Listed
    $2,290,000
  • Sep 3, 2015 Listed
    $2,290,000 (+252.3%)
  • Oct 2001
    Public Records
  • Oct 5, 2001 Sold
    $650,000
  • Year Property taxes Tax assessment
  • 2024
    $37,309 +1.7%
    $2,633,721
  • 2023
    $36,673 +4.2%
    $2,633,721 +2.0%
  • 2022
    $35,184 +0.7%
    $2,582,110 +4.04%
  • 2021
    $34,935 +1.5%
    $2,481,905 +1.04%
  • 2020
    $34,434 +3.4%
    $2,456,473 +4.04%
  • 2018
    $33,286
    $2,361,146
  • 302 E Broadway St
    $2.8M
  • East of Smith Park
    $910K +3% y/y
  • 91776
    $1.03M +15% y/y
  • San Gabriel
    $1.1M 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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