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    1605 S Atlantic Boulevard

    Alhambra, CA 91803
    • $3,995,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: OC21002757
    UPDATED: 15 min ago
    $3,995,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,131
      SQFT
    • $652
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained 8 unit multi family open gardenproperty. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create aquiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio,1bed/1bath duplexes, and detached homes including a 3bed/1bath SFR with a basement and fenced yard. All units have laundry hookups insideexcept studio and upstairs unit has a laundry room downstairs. Parking on site includes 5 single car garages, a two car garage, a carport, and aparking space. Street parking is located nearby. Buildings range in age, being built between 1946-1954. All tenants are month to month, most havebeen at the property long term. All units are currently rented and this property rarely has vacancies. Situated in a prime location with close freewayaccess, public transportation, restaurants, entertainment, retail shops, parks, and more.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/113071603
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    1605 S Atlantic Boulevard Alhambra, CA 91803

    • Price: $3,995,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: OC21002757
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    6,131
    SQFT
    $652
    $/SQFT
    1947
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained 8 unit multi family open gardenproperty. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create aquiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio,1bed/1bath duplexes, and detached homes including a 3bed/1bath SFR with a basement and fenced yard. All units have laundry hookups insideexcept studio and upstairs unit has a laundry room downstairs. Parking on site includes 5 single car garages, a two car garage, a carport, and aparking space. Street parking is located nearby. Buildings range in age, being built between 1946-1954. All tenants are month to month, most havebeen at the property long term. All units are currently rented and this property rarely has vacancies. Situated in a prime location with close freewayaccess, public transportation, restaurants, entertainment, retail shops, parks, and more.
    Exterior Features

    Carport Spaces 1.00 Garage Spaces 7.00 Lot Features Lot 20000-39999 SqftSprinkler SystemSprinklers Timer Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Attached CarportGarage Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 1.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels Description 5356016044 Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStorm Drains Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2040.00 Gross Income 118800.00 Gross Scheduled Income 118800.00 Insurance Expense 2628.00 Land Lease YN No Laundry YN Yes Net Operating Income 106800.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 2 Number Of Units Leased 8 Operating Expense 12000.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 118800.00 Total Expenses 12000.00 Trash Expense 1000.00 Water Sewer Expense 1000.00 Water Source Public Year Built Source See Remarks Zoning Alrpd*

    Listing provided courtesy of Andrew Homs of Allison James Estates & Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691