|
|
|
EXCLUSIVELY LISTED for: $2,350,000 - CAP Rate 3.53% - Proforma CAP Rate 4.64%
Go To Property Selection
INVESTMENT & LOCATION HIGHLIGHTS
-
First time offered for sale by the original developer!
-
Core north Alhambra location adjacent to South Pasadena and San Marino (considered the best part of Alhambra)
-
NON-Rent-control, Value-Add opportunity with an estimated ±21% rental upside potential
-
Five blocks from downtown Alhambra (Garfield and Main)
-
Amenities nearby: Edwards Alhambra Renaissance 14 & IMAX, Burlington Coat Factory, 38 Degree Ale House & Grill, and The Granada LA.
-
Strong demographics with an average household income of ±$112,253 within a-mile radius
-
Located close to public transits and convenient access to FWY 10, 710, 110, 210 & 134
PROPERTY HIGHLIGHTS
-
Townhouse style apartment built in 1987 with all amenities and features of newer built properties
-
Easy to rent, maintain and operate apartment property due to its year built and unit mix
-
Outstanding unit mix with four (4) Townhouse style units and one (1) Studio (non-conforming)
-
Each unit has central A/C, copper plumbing, fire sprinkler system, and much more!
-
Each unit is separately metered for electricity and gas; individual water heater
-
Large unit size with average unit size of ±1,240 SF
-
Total of 10 parking spaces with attached two car garages for each unit
|
|
EXCLUSIVELY LISTED for: $4,500,000- CAP Rate 4.64%, Proforma CAP 5.43%
Go To Property Selection
INVESTMENT HIGHLIGHTS
-
Excellent location! Two blocks from Valley Boulevard retail corridor
-
Semi value-add opportunity in a strong rental market with plenty amenities
-
Low vacancy history due to its prime and convenient location
-
Located close to public transits and convenient access to FWY 10, 710, and 5
-
Conveniently located within minutes’ drive from Cal State Los Angeles, Downtown Alhambra, Alhambra Golf Course, Almansor Park, Atlantic Times Square, and offers excellent access to Downtown Los Angeles via FWY 10
PROPERTY HIGHLIGHTS
-
Very well-maintained property with excellent curb appeal in a quiet residential neighborhood
-
Excellent unit mix with mostly 2-bedroom units
-
Large units with good layout and private balcony/patio in some units
-
Front unit (unit A) is a large ±2,000sqft unit with en-suite bathroom, walk-in closets, custom bathroom, tile-to-floor linen cabinets
-
Four units have private balcony/patio, five units have upgraded flooring
-
Secured entrance with garage parking
-
Ample parking with 20 spaces and storage cabinets
-
Easy to maintain and easy to rent apartment units due to its superb location and settings
-
Each unit is separately metered for electricity and gas
|
|
|
EXCLUSIVELY LISTED for:
1137 S Garfield -> $1,500,000
1141 S Garfield -> $1,500,000
1137-41 S Garfield (COMBINED) -> $3,000,000
Go To Property Selection
INVESTMENT HIGHLIGHTS
-
First time offered for sale since 1981 (37 years)!
-
100% VACANT BUILDINGS! ALL UNITS HAVE BEEN UPGRADED
-
Excellent location! A block from the renown Valley Blvd which provides many amenities such as: restaurants, shopping, public services, and much more
-
Two separate parcels (4-units each) that can be purchased together or separately
-
Easy to operate and rent apartment due to its convenient location
-
Located close to public transits and convenient access to FWY 10, 710, and 5
-
Excellent unit mix with four 2-bedroom and four 1-bedroom units
- Very well-maintained property with excellent curb appeal
- Four units are single-story units with large common area
|
|
|
|
