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$2,675,000
Est. payment /mo
0.27 Acres Lot
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26212492
HOA Y/N No
Year Built 1976
Lot Size 0.271 Acres
Property Sub-Type Apartment
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 location—this is an asset worth taking a closer look at.
IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.
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 location—this is an asset worth taking a closer look at.
IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplaces Type Electric, Gas, Outside
Fireplace Yes
Laundry Common Area
Exterior
Parking Features Assigned
Carport Spaces 11
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5337006003
Energy Description 3500.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by David Holstein The Holstein Group 310-345-9994, DRE #01210777
NEARBY SCHOOL & BUSINESS
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