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    314 N Electric Avenue

    Alhambra, CA 91801
    • $2,288,000
    • STATUS: Active
    • ON SITE: 45 Days
    • ID#: 21781420
    UPDATED: 24 min ago
    $2,288,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    The Pacific Partners of Colliers International are pleased to present for sale this 6-Unit multi-family apartment building located at 314 N Electric Avenue, Alhambra. The property is just north of Alhambra Downtown Main Street in a quiet residential neighborhood. It consists of one two-story building with large gated front yard and parking/storage in the rear. The building totals 6,096 rentable square feet situated on an approximately 7,863 square foot rectangular lot. Originally built in 1965, this well-maintained multi-family asset has a unit mix of one 1-bedroom/1-bathoom, two 2-bedroom/1-bathoom, two 2-bedroom/1.5-bathoom townhouse, and one 3-bedroom/2.5-bathoom townhouse units with 100% occupancy. Rental rates at this property are approximately 10% below market rate. The property has the potential to achieve over 4.00% CAP rate with updated market rents in a desirable SoCal location. Amenities include gated front yard, onsite parking and storage in the rear of the property. There is a laundry room onsite currently used for storage which offers an investor the opportunity to collect additional income by installing laundry machines. In addition, the building exterior is freshly painted with great curb appeal. Drive-by only, do not contact tenants. Make offer subject to inspection.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T18:26:11.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/121240296
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    314 N Electric Avenue Alhambra, CA 91801

    • Price: $2,288,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 21781420
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1965
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    The Pacific Partners of Colliers International are pleased to present for sale this 6-Unit multi-family apartment building located at 314 N Electric Avenue, Alhambra. The property is just north of Alhambra Downtown Main Street in a quiet residential neighborhood. It consists of one two-story building with large gated front yard and parking/storage in the rear. The building totals 6,096 rentable square feet situated on an approximately 7,863 square foot rectangular lot. Originally built in 1965, this well-maintained multi-family asset has a unit mix of one 1-bedroom/1-bathoom, two 2-bedroom/1-bathoom, two 2-bedroom/1.5-bathoom townhouse, and one 3-bedroom/2.5-bathoom townhouse units with 100% occupancy. Rental rates at this property are approximately 10% below market rate. The property has the potential to achieve over 4.00% CAP rate with updated market rents in a desirable SoCal location. Amenities include gated front yard, onsite parking and storage in the rear of the property. There is a laundry room onsite currently used for storage which offers an investor the opportunity to collect additional income by installing laundry machines. In addition, the building exterior is freshly painted with great curb appeal. Drive-by only, do not contact tenants. Make offer subject to inspection.
    Exterior Features

    Carport YN Yes Parking Features Carport

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 124920 Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 75537 Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning Alrpd*

    Listing provided courtesy of Edward Pan of Colliers International Greater Los Angel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T18:26:11.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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