117 N Palm Avenue

    Alhambra, CA 91801
    • $5,000,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: AR19192691
    UPDATED: 55 min ago
    $5,000,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,670
      SQFT
    • $517
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Brand new 7 Units Condominium project under construction, scheduled to be completed in April 2020, to be pre-sale as multi-dwelling units. This project is conveniently located within walking distance to park, grocery market, hospital, restaurants, banks, bus stop, Target, Costco, etc. These seven units consist of Two - 3 bedroom with 2 1/2 bath, and Five - 2 bedroom with 2 1/2 bath. All units are equipped with large balcony, central air, attached two car garage with laundry hook-up, pre-wired for telephone, TV and alarm, quartz counter tops, built-in range & dish washer, plus a 2,000 SF deck with gazebo for entertainment and enjoyment. There are additional Seven guest parking spaces for visitors. HOA fee is only $275/mo/unit.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T13:35:49.17. 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 The Marelly Group | Compass. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/97881200

    117 N Palm Avenue Alhambra, CA 91801

    • Price: $5,000,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: AR19192691
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    9,670
    SQFT
    $517
    $/SQFT
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Brand new 7 Units Condominium project under construction, scheduled to be completed in April 2020, to be pre-sale as multi-dwelling units. This project is conveniently located within walking distance to park, grocery market, hospital, restaurants, banks, bus stop, Target, Costco, etc. These seven units consist of Two - 3 bedroom with 2 1/2 bath, and Five - 2 bedroom with 2 1/2 bath. All units are equipped with large balcony, central air, attached two car garage with laundry hook-up, pre-wired for telephone, TV and alarm, quartz counter tops, built-in range & dish washer, plus a 2,000 SF deck with gazebo for entertainment and enjoyment. There are additional Seven guest parking spaces for visitors. HOA fee is only $275/mo/unit.
    Exterior Features

    Architectural Style Spanish Garage Spaces 14.00 Lot Features 21-25 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 21.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1400 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Gas Dryer HookupIn GarageWasher Hookup

    Property Features

    Additional Parcels YN No Association Fee 275.00 Association Fee Frequency Monthly Association YN Yes Building Area Units Square Feet Community Features SidewalksSuburban Country Us Electric Expense 2400.00 Elevation Units Feet Gardener Expense 1800.00 Gross Income 240000.00 Gross Scheduled Income 240000.00 Insurance Expense 6000.00 Land Lease YN No Laundry YN Yes Net Operating Income 166500.00 New Construction YN Yes New Taxes Expense 60000.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Operating Expense 73500.00 Professional Management Expense 1500.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 73500.00 Trash Expense 1800.00 Water Source Public Year Built Source Builder Zoning Alrpd*

    Listing provided courtesy of Eddie Hsu of New Century Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T13:35:49.17. 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 The Marelly Group | Compass. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003