1512 W Huntington Drive

    Alhambra, CA 91801
    • $4,350,000
    • STATUS: Closed
    • ON SITE: 230 days
    • ID#: 18411008
    Sold - 06/10/2019
    $4,350,000
    SOLD - 06/10/2019
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,344
      SQFT
    • $466
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    The single family residence behind the property is also for sale (932 N Electric Avenue). Can be sold together or separately. The Courts Alhambra is an 11-unit property, comprised of 10 total structures, including nine freestanding units and a duplex. The bungalows, constructed in 1941 on an oversized ~27,428 square foot, R3, double corner lot, with a total building size of ~9,344 square feet, are immaculately maintained and offer a large courtyard with lush greenery. Given the property's solid real estate fundamentals, which include a desirable bungalow-style layout, excellent unit mix, turnkey building condition, and strong non rent-controlled Alhambra location, The Courts Alhambra is an unmatched investment for an investor seeking growth, stability, and a hedge against inflation.

    Sold by Priscilla Nee BRE#01435254 of Cb Richard Ellis, Inc..

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    Based on information from CARETS as of 2019-07-18T15:50:14.47. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.rosalietherealtor.com/homes/89739544

    1512 W Huntington Drive Alhambra, CA 91801

    • Price: $4,350,000
    • Status: Closed
    • Updated: 33 min ago
    • ID#: 18411008
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    9,344
    SQFT
    $466
    $/SQFT
    1941
    Built
    Neighborhood:
    Alhambra (601)
    County:
    Los Angeles
    Area:
    Alhambra (601)
    Property Description
    The single family residence behind the property is also for sale (932 N Electric Avenue). Can be sold together or separately. The Courts Alhambra is an 11-unit property, comprised of 10 total structures, including nine freestanding units and a duplex. The bungalows, constructed in 1941 on an oversized ~27,428 square foot, R3, double corner lot, with a total building size of ~9,344 square feet, are immaculately maintained and offer a large courtyard with lush greenery. Given the property's solid real estate fundamentals, which include a desirable bungalow-style layout, excellent unit mix, turnkey building condition, and strong non rent-controlled Alhambra location, The Courts Alhambra is an unmatched investment for an investor seeking growth, stability, and a hedge against inflation.
    Exterior Features

    Parking Features Uncovered Parking Spaces Total 11 Parking Type Garage

    Interior Features

    Appliances RefrigeratorStackable W/D Hookup Cooling Type Central A/CWall Unit(S) Heating Type Central FurnaceWall Heater Interior Features Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 227620.00 Cap Rate 3.11 Country United States Of America Expense Gardener 3600.00 Expense Insurance 4850.00 Expense Licenses 225.00 Expense Maintenance 7150.00 Expense Management 11381.00 Expense Other 2750.00 Expense Pest 780.00 Expense Tax 55488.00 Expense Total Annual 92404.00 Expense Water 6180.00 Gross Operating Income 234660.00 Gross Rent Multiplier 18.54 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 135217.00 Number Of Buildings 10 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1290.00 Unit Monthly Rent02 1886.00 Unit Projected Total Monthly Rent01 3000.00 Unit Projected Total Monthly Rent02 20700.00 Unit Total Monthly Rent01 2580.00 Unit Total Monthly Rent02 16975.00 Unit Type01 2 Unit Type02 9 Units Total In Complex 11

    Listing provided courtesy of Priscilla Nee DRE#01435254 of Cb Richard Ellis, Inc. and James Kim CA DRE# 01218584 of .


    Based on information from CARETS as of 2019-07-18T15:50:14.47. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Agency
    331 N Foothill Rd, #100
    Beverly Hills CA, 90210