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Pending
101 E Alhambra Road Alhambra, CA 91801
8,015 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,015 sqft
Price per Sqft $349
MLS Listing ID CRAR25134597
HOA Y/N No
Year Built 1964
Lot Size 9,603 Sqft
Acres 0.22
Property Sub-Type Other
Property Description
Offered at 5.10% CAP Rate, and First Time ever being offered for Sale, Growth Investment Group California is proud to present a 101 E Alhambra Rd., Alhambra. A pride-of-ownership well-maintained 8-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. This is the first time this property is being offered for sale by the same family that built the property! It is situated on a corner lot and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of Alhambra. It is located next to several new townhouses subdivisions providing a home-ownership atmosphere for the property. All tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (under California AB1482 rent control). The property is offered at a very attractive CAP Rate of more than 5%. The pro
Location
State CA
County Los Angeles
Zoning ALRP
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplace No
Laundry Common Area, Other
Exterior
View Y/N false
View None
Building
Lot Description Corner Lot, Level, Other
New Construction No
Others
Tax ID 5322031006
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Listed by Han Chen • Growth Investment Group Pasade