$5,650,000
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920 1st Street Alhambra, CA 91801
Apartment
Residence
Beds
Baths
...
Bed/Bath
10,911
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and tw...o-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.3%, 5.6% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
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MLS#
PW24067638
Property Type
Apartment
Year Built
1959
Square Feet
10,911
sq. ft
Lot Size
0.34
Stories
2.0
Sewer
Public Sewer
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