Rebuilt 129-Unit The Jade in San Gabriel Heads to Market in Mid-$30MM Range, Roughly 25% Below Seller’s Basis

A 129-unit apartment complex in unincorporated San Gabriel, bought for $15.5 million in 2020 and rebuilt over six years, is heading to an open-bid sale in the mid-$30 million range, roughly 25 percent below its owner's stated basis and carrying a newly recorded county affordability covenant.