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Property Description

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.

Overview

Property Status
For Sale
Lot Size
9,003 Sq.Ft.
MLS ID
WS25282115
Property Type
Condo
Year Built
1965

Features & Amenities

Total Area
5,394 Sq.Ft.
Neighborhood
Alhambra
Stories
2
Water Source
Public
Pool
None
Lot Features
Rectangular Lot
Air Conditioning
Wall/Window Unit(s)
Laundry Room
Common Area
Sewer
Unknown
Sales Price
$2,160,000
Maintenance Fee
$2,400/mo

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716 S Chapel Avenue

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716 S Chapel Avenue
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716 S Chapel Avenue

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