621 N Stoneman AVE Alhambra, CA 91801

Coldwell Banker is pleased to present a 5 unit apartment listing located in the ABSOLUTE best location North Alhambra. This 5 Unit consist 1 – 1 bedroom/1 bathroom, 2 – 2 bedroom/1 bathroom, 1 - 3 bedroom/1.75 & 1 - 3 bedroom/1.75 Townhouse. This property is has been in the family for over 40 years. Three of the units are occupied by long term tenants with extremely low rents and the other 2 units are currently vacant. A similar type of apartment building next door is renting out 2bedroom +2bathroom units for $2,095. There is also a 60+ Townhome new development across the street. All units are expected to be dated and will require some tender loving care. Due to the low rents and low cashflow, all offers will require a very high down payment or all cash and with no loan or appraisal contingencies.