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Key Details
Sold Price $1,925,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22189729
Year Built 1978
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! It’s 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 won’t 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 601 - Alhambra
Zoning ALRPD*
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplaces Type Living Room
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned, Carport, Uncovered
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Building
Lot Description Front Yard
Story Two
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Carol Poh • Pacific Reliance