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931 S Atlantic Boulevard

Alhambra, CA 91803
  • $2,180,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: AR22083528
UPDATED: 21 min ago
$2,180,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Listing Agent(s): Alan Tsao of Eureka International Realty (626-535-3720)


Description

The Alhambra Apartments represents an excellent investment opportunity of a 1979-construction multi-family property in the attractive Alhambra submarket of the San Gabriel Valley. The subject property is located along Atlantic Blvd. just one-half mile south of Main Street and downtown Alhambra. The property is in close proximity to shopping centers, restaurants, multiplex movie theatres, and schools. The property is also close to the 10 Freeway, providing easy access to Los Angeles and the Inland Empire.The Apartment was built in 1979 and is 4,792 square feet. It site on an 7,092 square foot parcel. It is comprised of four two-bedroom/one bathroom units and one one-bedroom + den/one bathroom unit . The property features an easy maintenance design with minimal landscaping and common area amenities. Units are separately metered for electricity. The property is well maintained and offers a new investor value-add and upside potential for the strong residential rental market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T19:29:21.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128472409
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931 S Atlantic Boulevard Alhambra, CA 91803

  • Price: $2,180,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 21 min ago
  • ID#: AR22083528
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1979
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
The Alhambra Apartments represents an excellent investment opportunity of a 1979-construction multi-family property in the attractive Alhambra submarket of the San Gabriel Valley. The subject property is located along Atlantic Blvd. just one-half mile south of Main Street and downtown Alhambra. The property is in close proximity to shopping centers, restaurants, multiplex movie theatres, and schools. The property is also close to the 10 Freeway, providing easy access to Los Angeles and the Inland Empire.The Apartment was built in 1979 and is 4,792 square feet. It site on an 7,092 square foot parcel. It is comprised of four two-bedroom/one bathroom units and one one-bedroom + den/one bathroom unit . The property features an easy maintenance design with minimal landscaping and common area amenities. Units are separately metered for electricity. The property is well maintained and offers a new investor value-add and upside potential for the strong residential rental market.
Exterior Features

Carport YN Yes Construction Materials Stucco Number Of Separate Electric Meters 5 Parking Features AssignedCarport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Flat Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring CarpetLaminate

Property Features

Additional Parcels YN No Association YN No Cap Rate 3 Common Interest None Community Features Sidewalks Electric Expense 360 Fuel Expense 975 Garage YN No Gross Income 94980 Gross Scheduled Income 94980 Insurance Expense 2588 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeFannie MaeFreddie Mac Net Operating Income 65000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 7462 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 94980 Trash Expense 1440 Water Sewer Expense 3722 Water Source Public Zoning Alrpd*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T19:29:21.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Alan Tsao of Eureka International Realty (626-535-3720)