101 E Alhambra Road, Alhambra, CA 91801

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Glen Henderson

[email protected] +1(619) 889-7646

$2,800,000

Est. payment - /mo

9 Beds

7 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID AR25134597

Bedrooms 9

Property Sub-Type Res Income 2-4 Units

Property Description

Prime Value-add 8-unit in north Alhambra walk to Downtown Alhambra, First Time for Sale Since 1972, Corner Lot with Superb Curb Appeal, Excellent unit Mix and Cash Flow. A pride-of-ownership well-maintained 8-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. This is the first time this property is being offered for sale since 1972! It is situated on a corner lot and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of Alhambra. It is located next to several new townhouses subdivisions providing a home-ownership atmosphere for the property. All tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (under California AB1482 rent control). The property is offered at a very attractive CAP Rate of close to 5%! The property is a two-story garden style apartment that was built in 1964. It has a large building size of 8,015 SF which translates to large average unit size of 1001 SF/unit. It is on a large 9,600 SF CORNER lot. It has an excellent unit mix of one (1) x large 3bed+2bath, one (1) x 2bed+2bath, one (1) x 2bed+1.75bath, one (

Location

State CA

County Los Angeles

Zoning Assessor

Direction from Huntington Dr, go south on Garfield Ave, then east on Alhambra Rd, building is corner of Alhambra Rd and Stoneman Ave

Interior

Heating Radiant

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5322031006

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Listed by Han Chen Growth Investment Group Pasade

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

101 E Alhambra Road Alhambra, CA 91801

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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