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318 N 1st Street

Alhambra, CA 91801
  • $2,420,000
  • STATUS: ACTIVE
  • ON SITE: 93 Days
  • ID#: AR23114713
UPDATED: 25 min ago
$2,420,000
  • 10
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Well maintained excellent townhouse style 5 units apartment investment property in prime downtown Alhambra. Front two units are 3 bed/2.5 bath, last three units are 2 bed/2 bath. All units are central air and heat, total 10 parking spaces with 8 carports and 2 uncovered spaces, community laundry room. Property was reroofed in March 2023. Property was painted in 2015 and repiped in 2016. Termite treatment and repairs were done in Feb 2022. Unit 1 and unit 4 newer central AC, newer water heater. Close to an abundance of famous restaurants, shopping plazas, and grocery stores. Edwards movie theater, Home Depot, Costco and Petsmart are all within walking distance and a short driving distance. It is also close to City hall, schools, bus stops, banks and park. Highly desirable location and huge demand for additional housing in this area. Well maintained excellent townhouse style 5 units apartment investment property in prime downtown Alhambra. Front two units are 3 bed/2.5 bath, last three units are 2 bed/2 bath. All units are central air and heat, total 10 parking spaces with 8 carports and 2 uncovered spaces, community laundry room. Property was reroofed in March 2023. Property was painted in 2015 and repiped in 2016. Termite treatment and repairs were done in Feb 2022. Unit 1 and unit 4 newer central AC, newer water heater. Close to an abundance of famous restaurants, shopping plazas, and grocery stores. Edwards movie theater, Home Depot, Costco and Petsmart are all within walking distance and a short driving distance. It is also close to City hall, schools, bus stops, banks and park. Highly desirable location and huge demand for additional housing in this area.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/140978008
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318 N 1st Street Alhambra, CA 91801

  • Price: $2,420,000
  • Status: ACTIVE
  • On Site: 93 Days
  • Updated: 25 min ago
  • ID#: AR23114713
10
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
Alhambra (91801)
County:
Los Angeles
Area:
Alhambra (91801)
Property Description
Well maintained excellent townhouse style 5 units apartment investment property in prime downtown Alhambra. Front two units are 3 bed/2.5 bath, last three units are 2 bed/2 bath. All units are central air and heat, total 10 parking spaces with 8 carports and 2 uncovered spaces, community laundry room. Property was reroofed in March 2023. Property was painted in 2015 and repiped in 2016. Termite treatment and repairs were done in Feb 2022. Unit 1 and unit 4 newer central AC, newer water heater. Close to an abundance of famous restaurants, shopping plazas, and grocery stores. Edwards movie theater, Home Depot, Costco and Petsmart are all within walking distance and a short driving distance. It is also close to City hall, schools, bus stops, banks and park. Highly desirable location and huge demand for additional housing in this area. Well maintained excellent townhouse style 5 units apartment investment property in prime downtown Alhambra. Front two units are 3 bed/2.5 bath, last three units are 2 bed/2 bath. All units are central air and heat, total 10 parking spaces with 8 carports and 2 uncovered spaces, community laundry room. Property was reroofed in March 2023. Property was painted in 2015 and repiped in 2016. Termite treatment and repairs were done in Feb 2022. Unit 1 and unit 4 newer central AC, newer water heater. Close to an abundance of famous restaurants, shopping plazas, and grocery stores. Edwards movie theater, Home Depot, Costco and Petsmart are all within walking distance and a short driving distance. It is also close to City hall, schools, bus stops, banks and park. Highly desirable location and huge demand for additional housing in this area.
Exterior Features

Irrigation AutomaticSprinklers Parking Garage Desc Unit1 Assigned Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling Central Forced Air Heat Equipment Forced Air Unit Heat Source Natural Gas Total Baths Unit1 3 Total Baths Unit2 3 Total Baths Unit3 2 Total Baths Unit4 2

Property Features

Actual Cap Rate 3.55 Annual Expense Actual 54230 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.95 Gross Scheduled Income Actual 142788 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2720.0 Unit2 Rent Actual 2672.0 Unit3 Rent Actual 2045.0 Unit4 Rent Actual 2152.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Amy Wang of Coldwell Banker George Realty: 626-625-5575. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037