$1,100,000
$1,100,000
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1 Bed
1 Bath
0.27 Acres Lot
SOLD DATE : 06/21/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24082190
Sold Date 06/21/24
Bedrooms 1
HOA Y/N No
Lot Size 0.270 Acres
Property Description
We are pleased to present the 6th Street Apartments, a fourplex in Alhambra, CA. This unique property features cottage-style, single-story, 1-bedroom units and has not been on the market for over 30 years. Priced at $275,000 per unit, each apartment includes individual gas and electric meters, washer and dryer hookups, and garage parking. Situated on a spacious lot of nearly 12,000 sq. ft. and boasting an approximate 6% cap rate on market rents, this property offers a solid investment opportunity in a prime location near Alhambra Golf Course. This property is ideal for investors seeking a well-priced, value-add opportunity in a sought after area.
We are pleased to present the 6th Street Apartments, a fourplex in Alhambra, CA. This unique property features cottage-style, single-story, 1-bedroom units and has not been on the market for over 30 years. Priced at $275,000 per unit, each apartment includes individual gas and electric meters, washer and dryer hookups, and garage parking. Situated on a spacious lot of nearly 12,000 sq. ft. and boasting an approximate 6% cap rate on market rents, this property offers a solid investment opportunity in a prime location near Alhambra Golf Course. This property is ideal for investors seeking a well-priced, value-add opportunity in a sought after area.
Location
State CA
County Los Angeles
Area Alhambra (91801)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 1
Others
Monthly Total Fees $112
Acceptable Financing Conventional
Space Rent $1,401
Listing Terms Conventional
Financing Conventional
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Bought with Ryan Loria • Triqor Group