Appealing investment opportunity in the City of Alhambra, located in a prime location! First time on the market in 30 years. High rental demand desirable 6-Units, all units are two-story of 2 bedrooms and 1.5 bathrooms. Living area is ± 5,394 sqft, lot size is ± 9,000 sqft, each unit has ± 900 sqft. Current rent is $11,740/month. It has 6 carports and 6 outdoor parking spaces, so each unit has 2 parking spaces. On-site laundry room with leased machines, individual electric & gas meters, and individual water heaters. Per seller’s info, all units have been changed to double-pane windows, the roof condition is good, and some units have updates. Rents can be increased. Stable tenants and easy manage. Just two blocks away to Alhambra Golf Course, and Almansor Park with Tennis Courts, Soccer Fields, baseball Field, Playground, Gym, etc. It has easy access to Freeways 10 & 710, just 4 miles to Cal State LA University, 6.5 miles to USC Health Sciences Campus, 9 miles to Downtown LA. City of Alhambra is vibrant and convenient to supermarkets, banks, schools, various restaurants, sports, entertainments, strip malls, and many more. Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park, these Cities come together as a prosperous region. This property is such a great real estate asset to own! Drive by only please, do not talk to any tenants. Interior inspection only provide to the buyer after his/her offer has been accepted.
NICE 2 UNITS ( #1100 & 1106 S. Ethel Ave ) ALHAMBRA HOME. 1ST UNIT # 1100 BUILT IN 1978, 2 STORY HAS 4 BEDROOMS 4 BATHROOMS, 1 BED 1 BATH DOWNSTAIRS. 2ND UNIT #1106 BUILT IN 1907, 1 SOTRY HAS 2 BED 1 BATH. MAIN RESIDENCE HAS SPACIOUS INTERIOR, VAULTED CEILINGS IN LIVING ROOM. ONE BEDROOM LOCATED DOWNSTAIRS, HUGE MASTER BEDROOM. 2ND UNIT HAS 2 BEDROOMS, 2 BATHROOMS & KITCHEN. ALL 2 UNITS HAVE REMODELED 3 YEARS AGO. CLOSE TO SHOPPING, CLOSE TO BANK, RESTAURANT, CLOSE TO " COSTCO, HOME DEPOT, KOHL'S, CVS, THEATER, LA FITNESS & MORE........EASY ACCESS TO FREEWAY 10, 710, 5 & 60........A MUST SEE TO APPRECIATE. *** APPOINTMENT ONLY *** PLEASE DO HOT WALK TO THE PROPERTY WITHOUT APPOINTMENT. THANK YOU !!
LOOK AT THIS LOT! OUTSTANDING POTENTIAL!!!! Large lot of 6,615! With BUS CONNECTIVITY & ACCESS TO NEARBY METRO/METROLINK lines, Edgewood sits within the type of TRANSIT CONNECTED LOCATION increasingly sought after by multifamily and redevelopment investors. This is the property you've been waiiting for! Prime 5-Unit Investment Opportunity to add extra value to any investment portfolio! An exceptional opportunity for the savvy investor — this 5-unit income property is ideally located north of the 10 freeway in one of Alhambra’s most desirable and stable rental markets. All units are occupied with month to month tenants. Positioned in a high-demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Proforma reflects current market value at the time of the listing. All tenants have assigned parking, water and trash are included in the rent. This is a FANTASTIC opportunity and a great start for the new investor looking at multi-unit opportunities. Positioned in a fabulous neighborhood and set on a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. There are four * 2 bed/2 bath units* and one *1 bed/1 bath*. All are spaciously appointed with large living rooms and each unit enjoys on-site assigned parking, a very valuable amenity for tenants in this area. Potential for additional units must be verified with the city. The property also features an **on-site laundry room** with owner-operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra property presents a rare opportunity to acquire a turnkey asset with long-term upside. Looking for a stable, income-producing property in a proven Los Angeles County market? This one checks all the boxes.
Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio and/or a great 1031 Exchange.
Situated just two blocks south of the affluent cities of San Marino and South Pasadena, the property benefits from its location in one of the most attractive rental submarkets of the West San Gabriel Valley. Because the property is not subject to local rent control, an investor can increase rents by a greater amount each year, when compared with multifamily investments in Los Angeles and other local cities. With current rents approximately 21% below those of similar neighboring properties, a new owner may be able to add significant value while improving the building's cash flow substantially. Constructed in 1959, the two-story structure surrounds a well-landscaped, quiet courtyard atop a 14,706-square foot lot. The property has been meticulously maintained throughout its ownership, while select units have been renovated with new hardwood floors, new kitchen cabinets, and new ceiling fans. The gated complex includes eight security cameras, several of which are trained on the 16 covered parking spaces. The landlord-owned laundry facilities add an additional revenue stream. The separate gas and electricity meters, pitched roofs, and partial copper plumbing should help to reduce future expenses. Located near the corner of Huntington Drive and Los Robles Avenue, the building sits just across the border from both San Marino and South Pasadena. Being within walking distance of Ralph's, In-N-Out Burger, and the new $130 million Alhambra Place Shopping Center helps to attract tenants. Median home values have increased by 40% since 2020, resulting in increased demand for rental units as residents are priced out of homeownership now that the median single-family home is valued above $1,000,000. Apartment demand in the area is also elevated due to the fact that Alhambra has only added 540 units over the past 30 years. This amount of new development is up to 10 times slower than other communities in the area, and the resulting demand for existing apartments is projected to exert sustained upwards pressure on local rents, benefitting apartment landlords. The property also sits just two miles from the 110 Freeway and two-and-a-half miles from the10 Freeway, affording tenants convenient access to Downtown Los Angeles, Pasadena, and the rest of the San Gabriel Valley.
Alhambra is located in California. Alhambra, California has a population of 83,174. Alhambra is less family-centric than the surrounding county with 27.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Alhambra, California is $73,035. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Alhambra is 41.2 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 15.9 inches per year, with 0 inches of snow per year.
