Exclusive Listings

4 Units BEST Location in Alhambra Bordering San Marino and South Pasadena

Address:
312 N Primrose Ave
Alhambra, CA 91801
Price:
$1,350,000
Status:
Available
Type:
Apartment
# Units:
4
Year Built:
1923
Building Size:
2,016 SF
Lot Size:
8,285 SF
CAP Rate:
3.22%
GRM:
20.80xx
Price/Unit:
337,500
Price/SqFt:

HIGHLIGHTS

  • Adjacent to both San Marino and South Pasadena
  • Charming, single-story, bungalow-style design
  • In close proximity to Target, Costco, Home Depot, LA Fitness, excellent schools, supermarkets, and restaurants
  • Excellent curb appeal
  • 5 total parking spaces including 2 garage
  • Value-add opportunity in a strong rental market
  • All units separately metered for electricity and gas


EXECUTIVE SUMMARY

Adjacent to both San Marino and South Pasadena, 312 N Primrose Ave is a quiet, 4-unit, single-story apartment building in an excellent and convenient Alhambra location. The building includes (2) 1bedroom front houses along with (2) bungalow-style units in the back consisting of a 1bedroom and studio. The property boasts 5 total parking spaces including 2 garage spaces.

Being only a few blocks from Main St., the building is in very close proximity to Target, Costco, Home Depot, LA Fitness, excellent schools, supermarkets, and restaurants, and most of the amenities the City of Alhambra has to offer.

The property is situated only 8 miles northeast of Downtown LA, making its location a premier destination for a family-friendly lifestyle near one of the nation’s most bustling big cities. Bordering the city of Alhambra is San Gabriel on the east, San Marino and South Pasadena on the north, and Monterey Park on the south. Major freeways include interstate highways 10, 110 and 710. Several quality educational institutions are located nearby, including the California Institute of Technology, California State University at Los Angeles, Pasadena City College, Pasadena College, East Los Angeles College, and slightly further away, UCLA.

Marketing Files


Due Diligence


Broker Contact

Ryan Yip
Direct: 626.236.8426
ryan@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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