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$10,475,000
Est. payment /mo
49 Beds
33 Baths
26,886 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 26,886 sqft
Price per Sqft $389
MLS Listing ID 26864059
Bedrooms 49
HOA Y/N No
Year Built 1979
Lot Size 0.689 Acres
Property Description
We are pleased to present 2101 Vine Street, a 27-unit apartment property located in the highly desirable City of Alhambra. Built in 1979, the property sits on an approximately 30,017 square foot lot with roughly 26,886 square feet of rentable space. The unit mix consists of five (5) one-bedroom/one-bath units, thirteen (13) two-bedroom/one-bath units, and nine (9) two-bedroom/1.75-bath units. The property features fifty-two (52) gated parking spaces, an elevator, on-site laundry facilities, central air conditioning and heat, and fourteen (14) extensively renovated units. 2101 Vine Street benefits from a highly walkable Alhambra location near a wide variety of shopping, dining, and everyday conveniences. The property is centrally located near Downtown Alhambra, South Pasadena, and Pasadena, with convenient access to the I-10 Freeway and Downtown Los Angeles, providing excellent connectivity to major employment centers throughout the region. The property presents an attractive value-add opportunity with continued rental upside and is not subject to local city rent control, operating solely under California AB 1482 regulations. With its strong unit mix comprised primarily of two-bedroom units, extensive renovations, and desirable location, 2101 Vine Street offers investors the opportunity to acquire a well-maintained asset in one of the San Gabriel Valley's most sought-after rental markets.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Gated, Community Structure
Total Parking Spaces 52
Building
Story 3
Entry Level Three Or More,Multi/Split
Level or Stories Three Or More, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5339019017
Special Listing Condition Standard
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Listed by Michael Sterman Marcus & Millichap #01911703
NEARBY SCHOOL & BUSINESS
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