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    329 S Electric Avenue

    Alhambra, CA 91803
    • $1,100,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: CV21031750
    UPDATED: 39 min ago
    $1,100,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,792
      SQFT
    • $614
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Fantastic opportunity! 4 Units in the city of Alhambra. Each unit is 1 bedroom, 1 bath. The property is conveniently located close to shopping, parks, schools, and is just minutes from Cal State LA, Cal Tech and PCC (great rental income)! The top 2 units have just been renovated with new flooring, paint, and fixtures and have access to a wonderful large balcony, perfect for relaxing. Long Term tenants in good standing & current on rent occupy the bottom 2 units. There is great cash flow on this property with great potential for additional income. This property boasts a large lot with a detached 2 car garage and a separate laundry room complete with coin-operated machines. There is still a large yard behind the garage with the potential to build an ADU (check the city for permit possibility)! Don't pass up on the opportunity to own these amazing units!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/114264490
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    329 S Electric Avenue Alhambra, CA 91803

    • Price: $1,100,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: CV21031750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,792
    SQFT
    $614
    $/SQFT
    1924
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Fantastic opportunity! 4 Units in the city of Alhambra. Each unit is 1 bedroom, 1 bath. The property is conveniently located close to shopping, parks, schools, and is just minutes from Cal State LA, Cal Tech and PCC (great rental income)! The top 2 units have just been renovated with new flooring, paint, and fixtures and have access to a wonderful large balcony, perfect for relaxing. Long Term tenants in good standing & current on rent occupy the bottom 2 units. There is great cash flow on this property with great potential for additional income. This property boasts a large lot with a detached 2 car garage and a separate laundry room complete with coin-operated machines. There is still a large yard behind the garage with the potential to build an ADU (check the city for permit possibility)! Don't pass up on the opportunity to own these amazing units!
    Exterior Features

    Lot Features Back YardFront YardNear ParkNear Public TransitRectangular Lot Number Of Separate Electric Meters 5 Parking Features DrivewayGarageOn Street Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Vinyl Interior Features Balcony

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4 Common Interest None Community Features CurbsSuburbanPark Contingency None Electric Expense 348 Fuel Expense 156 Garage YN Yes Gross Income 67200 Gross Scheduled Income 67200 Insurance Expense 2183 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFha Net Operating Income 49387 New Construction YN No New Taxes Expense 13750 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 3 Number Of Units Leased 2 Operating Expense 17813 Possession See Remarks Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSee RemarksTelephone Total Actual Rent 2600 Trash Expense 700 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 676 Water Source Public Zoning Alrpd*

    Listing provided courtesy of Yesenia Ruvalcaba of New Century Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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