$1,925,000
$1,900,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
5 Baths
8,738 Sqft Lot
SOLD DATE : 11/01/2022
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22189729
Sold Date 11/01/22
Bedrooms 9
HOA Y/N No
Lot Size 8,738 Sqft
Property Description
Whether you're looking for your next savvy investment or simply want to make the most of your purchase, don't pass up this incredible opportunity in Alhambra! Its your chance to own a rare multi-unit building with exceptionally large 2 and 3-bedroom units with well above average sq ft. Moreover, being built in 1978 means you wont be subject to current retrofit ordinances. With these generously sized residences, you'll have the potential to enjoy a tremendous 50+ percent upside in rental income. Live in one and lease the others to help with mortgage payments. The well-maintained property is walled on three sides with a long driveway leading to rear, ample on-site parking for 10 cars. A fabulous location in a highly desirable neighborhood means this impressive rental complex provides the additional appeal of easy access to freeway commuting, popular nearby restaurants, and shopping. Plus, close proximity to downtown LA and surrounding cities ensures total convenience for those lucky enough to call it home. Why just read about it when you can experience it all for yourself? Come for a tour before someone else beats you to it!
Whether you're looking for your next savvy investment or simply want to make the most of your purchase, don't pass up this incredible opportunity in Alhambra! Its your chance to own a rare multi-unit building with exceptionally large 2 and 3-bedroom units with well above average sq ft. Moreover, being built in 1978 means you wont be subject to current retrofit ordinances. With these generously sized residences, you'll have the potential to enjoy a tremendous 50+ percent upside in rental income. Live in one and lease the others to help with mortgage payments. The well-maintained property is walled on three sides with a long driveway leading to rear, ample on-site parking for 10 cars. A fabulous location in a highly desirable neighborhood means this impressive rental complex provides the additional appeal of easy access to freeway commuting, popular nearby restaurants, and shopping. Plus, close proximity to downtown LA and surrounding cities ensures total convenience for those lucky enough to call it home. Why just read about it when you can experience it all for yourself? Come for a tour before someone else beats you to it!
Location
State CA
County Los Angeles
Area Alhambra (91801)
Zoning Public Rec
Interior
Cooling Central Forced Air, Wall/Window
Exterior
Garage Unit1:Assigned
Building
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $1,700
Listing Terms Cash
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Bought with Carol Poh • Pacific Reliance