22 N Electric Ave, Alhambra

$1,750,000

9 Beds
5 Baths
3,840 Sqft
0 Acres
0 Garages

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.

Essential Information
MLS® #20546932
Price$1,750,000
Bedrooms9
Bathrooms5.00
Square Footage3,840
Acres0.00
Year Built1948
TypeResidential Income
Sub-TypeApartment Building
StatusBack Up Offer
Community Information
Address22 N Electric Ave
AreaAlhambra (601)
CityAlhambra
CountyLos Angeles
StateCA
Zip Code91801
Amenities
Parking Spaces5
Interior
Interior FeaturesOther
HeatingWall Heater
CoolingWall Unit(s)
# of Stories2
Additional Information
Date ListedJanuary 24th, 2020
Days on Market64
ZoningCPD
HOA Fees0.00
Listing Details
AgentSean Rosenzweig(01406343)
OfficeMarcus & Millichap
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