1024 S Atlantic Blvd, ALHAMBRA

$4,900,000

0 Beds
0 Baths
13,093 Sqft
.39 Acres
0 Garages

1024 S Atlantic Blvd, Alhambra is a 17-unit value-add apartment with significant rental upside potential in a very strong rental market of West San Gabriel Valley. The property is uniquely situated several blocks from the burgeoning and renown Valley Blvd and the recently completed Atlantic Times Square – a local shopping mall complete with AMC Theater. Due to its convenient location several blocks from Valley Blvd, this property provides excellent access to myriad of restaurants, shopping, and most of the amenities the City of Alhambra has to offer. It is also close to many public transportations and is just minutes away from FWY 10 for convenient access to other parts of Los Angeles such as Downtown LA, FWY 710, and FWY 5. The property is a garden style apartment that was built in 1960 and situated on a ±17,143 sqft lot. It has center courtyard and offers excellent unit mix of one 3bed+2bath, eight 2bed+1bath, and eight 1bed+1bath units. Most of the tenants are long-time tenants and the current rental income are significantly below market. Each unit is separately metered for electricity and gas and parking is provided by 17 parking spaces in the back. Most of the units have upgraded double pane windows, windows A/C, wall heating, ceiling fans a

Essential Information
MLS® #AR20041197MR
Price$4,900,000
Bathrooms0.00
Square Footage13,093
Acres0.39
Year Built1960
TypeResidential Income
Sub-TypeApartment
StatusActive
Community Information
Address1024 S Atlantic Blvd
AreaAlhambra
CityALHAMBRA
CountyLos Angeles
StateCA
Zip Code91803
Amenities
Parking Spaces17
PoolNone
Garages

Assigned, Carport, Carport Detached

Interior
HeatingWall
CoolingWall/Window
# of Stories2
Additional Information
Date ListedFebruary 25th, 2020
Days on Market65
ZoningALRPD*
Listing Details
AgentHandoko Chen (01749321)
OfficeGIG Real Estate Inc.
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