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931 S Atlantic Boulevard

Alhambra, CA 91803
  • $2,180,000
  • STATUS: ACTIVE
  • ON SITE: 15 Days
  • ID#: AR22083528
$2,180,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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. 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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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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931 S Atlantic Boulevard Alhambra, CA 91803

  • Price: $2,180,000
  • Status: ACTIVE
  • On Site: 15 Days
  • ID#: AR22083528
7
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Alhambra (91803)
County:
Los Angeles
Area:
Alhambra (91803)
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. 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

Exterior Stucco Parking Garage Desc Unit1 Assigned Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling Wall/Window Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 3.0 Annual Expense Actual 7462 Buildings 1 Cfd Mello Roos Fee 2001.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 94980 Tenant Pays Electricity Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1300.0 Unit2 Rent Actual 1600.0 Unit3 Rent Actual 1700.0 Unit4 Rent Actual 1685.0 Zoning Appraiser

San Diego MLS logo Listing provided courtesy of Eureka International Realty. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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