$4,028,000
$3,998,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 11/14/2014
Key Details
Sold Price $4,028,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV14192577
Sold Date 11/14/14
HOA Y/N No
Year Built 1986
Lot Size 0.429 Acres
Property Description
RARE FIND 14-UNITS OPPORTUNITY IN NORTH ALHAMBRA. SIDE-BY-SIDE 2 BUILDINGS BUILT IN 1986. LOCATED IN A VERY DESIRABLE AREA WITH HIGH RENTAL DEMANDS. #312 & #318 ARE SELLING TOGETHER FOR $3,998,000. 7 UNITS IN EACH BUILDING. #312 IS 7876 SQFT ON A 9347 SQFT LOT, WHICH HAS ONE 4 BD/2.75 BA & SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $9990. #318 IS 7876 SQFT ON A 9336 SQFT LOT, WHICH HAS ONE 4 BD/2.5 BA AND SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $10,060 INCLUDING LAUNDRY INCOME. CURRENT INCOME ARE BELOW MARKET VALUE. OWNER HAS NOT INCREASED RENTS FOR SEVERAL YEARS. MOST OF THE UNITS ARE ON MONTH-TO-MONTH. ALL UNITS HAVE 2-CAR GARAGES. VERY CONVENIENT LOACTION; CLOSE TO MANY RESTAURANTS, SHOPPING PLAZAS, GROCERY STORES, EDWARDS MOVIE THEATER, COSTCO & HOME DEPOT...ETC. A RARE FIND OPPORTUNITY FOR INVESTORS! ONLY $254 PER SQFT WITH ASKING PRICE!
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Laundry Laundry Closet
Exterior
Total Parking Spaces 17
Building
Lot Description 11-15 Units/Acre
Water Public
Others
Tax ID 5337014019
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Benjamin J. Hsiang • Remax Commercial and Investmen