$1,800,000
$1,750,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
22 N ELECTRIC AVE Alhambra, CA 91801
7,840 Sqft Lot
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20546932
Sold Date 03/05/20
HOA Y/N No
Year Built 1948
Lot Size 7,840 Sqft
Acres 0.18
Property Description
We are pleased to present for sale 22 North Electric Avenue, a five unit multifamily building located in the city of Alhambra, a core market in the San Gabriel Valley. The property borders the affluent neighborhoods of San Marino and South Pasadena, and is only fifteen minutes from Downtown Los Angeles. The asset's stellar location and condition offer a new investor high rental potential.The meticulously maintained property built in 1948/1949 consists of one detached one-bedroom/one-bathroom house and one fourplex comprised of two-bedroom/one-bathroom units. It is strategically positioned to avoid recent rent control regulations by having four out of five units delivered vacant at the close of escrow. Two of those four units are already rent-ready and have been tastefully renovated with newly painted two-tone walls, dual pane windows, upgraded wood floors, white carrera marble-like tiles, granite countertops, and new electrical panels.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning CPD
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Private
Parking Type Private
Building
Story 2
Others
Senior Community No
Tax ID 5338012007
Special Listing Condition Standard
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Bought with Xiao Cash Li • Keller Williams Realty