920 N 1ST Street

    Alhambra, CA 91801
    • $5,450,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: 19458154
    UPDATED: 28 min ago
    $5,450,000
    • 22
      BEDS
    • 0.34
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    • 10,911
      SQFT
    • $499
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 920 North 1st Street, a 16-unit apartment community 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, which provides new investors potential for high rent growth unique to Alhambra. The meticulously maintained property built in 1959 consists of 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The two-story building features two points of ingress and egress, gated entry into a naturally-lit courtyard, 16 covered parking spots, on-site laundry, separate meters for gas and electricity, a pitched roof, and partial copper plumbing. Its 14,704 square foot lot nestles on a residential street with ample street parking.

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    Based on information from CARETS as of 2019-07-23T11:44:58.45. 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/93968188

    920 N 1ST Street Alhambra, CA 91801

    • Price: $5,450,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 19458154
    22
    Beds
    16
    Baths
    0
    ½ Baths
    0.34
    Acres
    10,911
    SQFT
    $499
    $/SQFT
    1959
    Built
    Neighborhood:
    Alhambra (601)
    County:
    Los Angeles
    Area:
    Alhambra (601)
    Property Description
    We are pleased to present the opportunity to acquire 920 North 1st Street, a 16-unit apartment community 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, which provides new investors potential for high rent growth unique to Alhambra. The meticulously maintained property built in 1959 consists of 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The two-story building features two points of ingress and egress, gated entry into a naturally-lit courtyard, 16 covered parking spots, on-site laundry, separate meters for gas and electricity, a pitched roof, and partial copper plumbing. Its 14,704 square foot lot nestles on a residential street with ample street parking.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 16

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 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 302700.00 Assessed Improvement Value 1385160.00 Assessed Land Value 2592840.00 Cap Rate 3.26 Country United States Of America Expense Total Annual 120055.00 Gross Operating Income 306909.00 Gross Rent Multiplier 18.00 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 177773.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1460.00 Unit Monthly Rent02 1770.00 Unit Projected Total Monthly Rent01 17500.00 Unit Projected Total Monthly Rent02 12000.00 Unit Total Monthly Rent01 14600.00 Unit Total Monthly Rent02 10625.00 Unit Type01 10 Unit Type02 6 Units Total In Complex 16 Zoning R3

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from CARETS as of 2019-07-23T11:44:58.45. 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