Emerald Apartments 1232 South San Gabriel Boulevard
San Gabriel, CA 91776
For Sale
12,441 sqft
Sale Price
$7,350,000
Brochure
Property Website
Map
Multifamily For Sale - Available March 2026
Emerald Apartments | 36 Units in San Gabriel
🏢Lowest Price Per Unit & Desirable Scale: Featuring a mix of 32 Studios, 2 - 1BR/1BA, and 2 - 2BR/2BA units, this 36-unit offering is the lowest-priced asset per unit on the market and provides an ideal opportunity for investors seeking a significant presence in a high-barrier-to-entry submarket.
📈 Attractive Yield & Financial Growth: Competitively priced at $204,167 per unit ($591/SF), the asset delivers a solid 5.84% cap rate. With an immediate 17% rental upside to market levels, investors gain a high-yielding income stream and significant long-term appreciation in a robust submarket.
🏡 Well-Amenitized Community: Offering a secure environment with controlled gated entry, laundry facilities, and a blend of lush and drought-resistant landscaping.
🛠️ Extensive Recent Capital Improvements: The asset features modernized interiors, including gourmet kitchens with updated cabinetry, countertops, and high-end vinyl wood plank flooring throughout.
💼 Access to Major Employment Centers: Perfectly positioned as a commuter hub, connecting residents to premier job markets across Los Angeles, Orange, and San Bernardino Counties.
📍 CORE SAN GABRIEL VALLEY: Situated in the "Birthplace of the Los Angeles Region," the property is within walking distance of the historic Mission District and local cultural landmarks. Located just minutes from premier shopping destinations including Rosemead Plaza, Camellia Square, Shops at Montebello, and The Shops at Santa Anita.
🚗 Unmatched Regional Connectivity: Residents benefit from immediate access to a sophisticated transportation network, including the I-10, I-210, SR-60, I-605, and I-710 freeways.
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955
CBRE is 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.
Strategic Location & Connectivity
Known as the "Birthplace of the Los Angeles Region," San Gabriel blends rich 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 property is located just minutes from the vibrant Mission District, the city’s cultural heart featuring the historic San Gabriel Mission and the San Gabriel Mission Playhouse. Beyond local boutique dining and cafes, residents are a short drive from world-class retail destinations, including Rosemead Plaza, Camellia Square, and The Shops at Santa Anita, ensuring a comprehensive "live-work-play" environment.
Exceptional Property & Unit Features
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.
Investment Stability & Opportunity
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.
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.
Strategic Location & Connectivity
Known as the "Birthplace of the Los Angeles Region," San Gabriel blends rich 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 property is located just minutes from the vibrant Mission District, the city’s cultural heart featuring the historic San Gabriel Mission and the San Gabriel Mission Playhouse. Beyond local boutique dining and cafes, residents are a short drive from world-class retail destinations, including Rosemead Plaza, Camellia Square, and The Shops at Santa Anita, ensuring a comprehensive "live-work-play" environment.
Exceptional Property & Unit Features
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.
Investment Stability & Opportunity
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.
The San Gabriel Valley, located in eastern Los Angeles County, is a premier region in Southern California spanning 385 square miles across 31 diverse cities. If it were a county, the Valley would be the seventh largest in California, serving as a vital home to over 1.5 million residents. The City of San Gabriel itself was incorporated in 1913, though its roots trace back to 1771 with the founding of the Mission San Gabriel Arcángel. Known as the "Birthplace of the Los Angeles Region," the city serves as a historical cornerstone with numerous nationally registered historic sites, including the Mission Playhouse. It offers a rich cultural tapestry of theaters, festivals, and world-class dining, particularly within its vibrant Asian and Hispanic communities. Located just 11 miles east of downtown Los Angeles, San Gabriel is a central hub for heritage tourism and regional commerce.
San Gabriel remains a highly attractive market for investors due to its stability and specialized economy. While the San Gabriel Valley’s industrial and retail sectors are massive engines of growth, the City of San Gabriel is specifically recognized as a repeat finalist for the "Most Business-Friendly City" in LA County. The San Gabriel Valley Economic Partnership highlights that the region is powered by a $20+ billion economy, with top sectors in healthcare, education, and international trade. Recent data shows the local real estate market remains resilient, with a total regional payroll growing to over $22 billion. In 2026, the strongest employment gains have been seen in professional business services and hospitality. With a strategic focus on mixed-use development and private investment, San Gabriel continues to provide a robust environment for businesses and residents alike.
The San Gabriel Valley, encompassing eastern Los Angeles County, maintains a robust network of industry clusters that drive significant investment and job growth. The City of San Gabriel is committed to building strategic partnerships for sustainable, resilient economic development through strategies to stimulate a favorable investment climate, welcome entrepreneurship, encourage industry and talent diversity, expand high-quality jobs and support a unique quality of place. As a premier city of Heritage and Culture, San Gabriel is the city of choice in Southern California: a place where people of diverse talents choose to work and live and where entrepreneurs and businesses choose to locate and invest. The City offers a rich historical legacy, world-renowned culinary culture, stable real estate market and business friendly environment that is unique to Southern California.
Anchored by the historic San Gabriel Mission Playhouse and the vibrant Mission District, San Gabriel offers a premier destination for arts and culture, all within steps of local heritage sites and boutique dining. A lively culinary scene featuring world-renowned Asian and Hispanic cuisine is a constant in the city, with numerous annual festivals, including the signature Dumpling & Beer Fest (highlighting the region’s diverse culinary excellence), the Lunar New Year Lantern Festival, and the Cinco de Mayo Mercado regularly enlivening the historic core
San Gabriel remains a highly attractive market for investors due to its stability and specialized economy. While the San Gabriel Valley’s industrial and retail sectors are massive engines of growth, the City of San Gabriel is specifically recognized as a repeat finalist for the "Most Business-Friendly City" in LA County. The San Gabriel Valley Economic Partnership highlights that the region is powered by a $20+ billion economy, with top sectors in healthcare, education, and international trade. Recent data shows the local real estate market remains resilient, with a total regional payroll growing to over $22 billion. In 2026, the strongest employment gains have been seen in professional business services and hospitality. With a strategic focus on mixed-use development and private investment, San Gabriel continues to provide a robust environment for businesses and residents alike.
The San Gabriel Valley, encompassing eastern Los Angeles County, maintains a robust network of industry clusters that drive significant investment and job growth. The City of San Gabriel is committed to building strategic partnerships for sustainable, resilient economic development through strategies to stimulate a favorable investment climate, welcome entrepreneurship, encourage industry and talent diversity, expand high-quality jobs and support a unique quality of place. As a premier city of Heritage and Culture, San Gabriel is the city of choice in Southern California: a place where people of diverse talents choose to work and live and where entrepreneurs and businesses choose to locate and invest. The City offers a rich historical legacy, world-renowned culinary culture, stable real estate market and business friendly environment that is unique to Southern California.
Anchored by the historic San Gabriel Mission Playhouse and the vibrant Mission District, San Gabriel offers a premier destination for arts and culture, all within steps of local heritage sites and boutique dining. A lively culinary scene featuring world-renowned Asian and Hispanic cuisine is a constant in the city, with numerous annual festivals, including the signature Dumpling & Beer Fest (highlighting the region’s diverse culinary excellence), the Lunar New Year Lantern Festival, and the Cinco de Mayo Mercado regularly enlivening the historic core
Total Space Available
12,441 sqft
Sale Price
$7,350,000
Place
Gabrielino High School
High School
1 miles
2 min.
/drive
Shops at Montebello
Mall
4.3 miles
12 min.
/drive
The Shops at Santa Anita
Mall
5.5 miles
15 min.
/drive
CommuterRail
Metrolink El Monte Station
4.6 miles
12 min.
/drive
A Line Sierra Madre Villa Station
5.14 miles
15 min.
/drive
Airport
LAX
30.8 miles
50 min.
/drive
Ontario International Airport
30.9 miles
45 min.
/drive
Highway
10 Freeway
2 miles
5 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955