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$ 2,675,000
Est. payment | /mo
6 Beds
4 Baths
0.27 Acres Lot
$ 2,675,000
Est. payment | /mo
6 Beds
4 Baths
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26212492
Bedrooms 6
Lot Size 0.271 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years.. Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential. A rare combination of pride of ownership, income potential, and locationthis is an asset worth taking a closer look at.
Location
State CA
County Los Angeles
Zoning Appraiser
Direction 1 Block off N Garfield and E. Main
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5337006003
Acceptable Financing Cash
Listing Terms Cash
Listed by David Holstein, DRE#01210777 The Holstein Group
NEARBY SCHOOL & BUSINESS