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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,675,000

Est. payment - /mo

0.27 Acres Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26212492

HOA Y/N No

Year Built 1976

Lot Size 0.271 Acres

Property Sub-Type Apartment

Property Description

Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years..

Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities.

The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances.

Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting.

With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential.

A rare combination of pride of ownership, income potential, and location—this is an asset worth taking a closer look at.

IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Fireplaces Type Electric, Gas, Outside

Fireplace Yes

Laundry Common Area

Exterior

Parking Features Assigned

Carport Spaces 11

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5337006003

Energy Description 3500.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by David Holstein The Holstein Group 310-345-9994, DRE #01210777

NEARBY SCHOOL & BUSINESS

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326 N Stoneman Alhambra, CA 91801