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$1,795,000
Est. payment /mo
9,979 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26998749
HOA Y/N No
Year Built 1962
Lot Size 9,979 Sqft
Property Description
RARE LIVE/WORK COMMERCIAL OPPORTUNITY ON SAN GABRIEL BOULEVARD. FIRST TIME OFFERED IN OVER 60 YEARS. Fantastic opportunity to acquire a highly versatile live/work commercial property in the heart of San Gabriel, offering prominent San Gabriel Boulevard frontage, substantial private parking, commercial storefront space and a spacious detached residential componentall situated on an approximately 9,979-square-foot lot.The street-front commercial portion consists of two storefront units that may potentially be combined to create one larger commercial space or utilized separately, providing flexibility for an owner-user, investor or multiple business operations. An oversized garage directly connected to the commercial space can accommodate approximately 3-4 vehicles and offers excellent potential for additional storage, warehouse or business use. Privately positioned at the rear of the property is a spacious three-bedroom, two-bath Mid-Century residence. The home features a generous living/dining area opening to a large, enclosed patio, which leads to an attractive outdoor patio and private yard. A separate oversized two-car garage is attached to the residence, with additional driveway parking. One of the property's most distinctive features is its exceptional on-site parking. Between the garages and driveway areas, the property may accommodate approximately 8-10 vehicles, an increasingly valuable amenity for commercial properties along the San Gabriel Boulevard corridor. The property also offers attractive occupancy flexibility. A long-established nail salon currently occupies approximately 200 square feet of storefront space on a month-to-month tenancy. A caretaker tenant occupying the balance of the commercial area will vacate at the close of escrow, and the three-bedroom residence will also be delivered vacant at closing, providing an excellent opportunity for an owner-user or investor to reposition the property. Located along one of San Gabriel's principal commercial corridors, the property benefits from excellent visibility and exposure to approximately 30,000+ vehicles per day. The surrounding trade area is exceptionally dense, with approximately 25,000+ residents within one mile, 239,000+ within three miles and more than 600,000 within five miles. Median household income in the immediate one-mile trade area approaches $100,000, providing a strong consumer base for retail, service, professional and other commercial uses. The property's SLC1-R3-R1* public-record zoning notation and substantial lot provide additional long-term appeal. Prospective buyers should independently investigate the City of San Gabriel's applicable zoning, permitted uses, mixed-use potential and development standards. An unusual opportunity combining commercial frontage, residential living, extensive parking, storage/warehouse capability and potential future redevelopment value in a high-visibility San Gabriel Boulevard location.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning SLC1-R3-R1*
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
Story 1
Others
Tax ID 5368034008
Special Listing Condition Standard
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Listed by Lane Aronson Berkshire Hathaway HomeServices California Properties #00681193
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