1715 S 5th Street

    Alhambra, CA 91803
    • $4,500,000
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: AR19161081
    UPDATED: 37 min ago
    $4,500,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,303
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Le Chateau-1715 S 5th St. is an attractive 14-unit NON-rent-control value-add apartment community located in the desirable City of Alhambra, CA. The property is in a very desirable location just 2 blocks south of Valley Boulevard retail corridor and one block from Alhambra elementary school. This offering provides an excellent investment opportunity for investors to operate and cash flow the property from the start. The property has a very low vacancy history due to its convenient and strategic location. The property is a two-story well-maintained garden style apartment that was built in 1966. It has a large living area of 13,303 sqft (average +-950 sqft per unit) and situated on a 15,458 sqft lot. It has secured entrance and garage parking. It offers an entryway with a central garden area complete with water fountain and lush landscaping. It offers an excellent unit mix of three (3) x 2bedroom+2bathroom, seven (7) x 2bedroom+1bathroom, three (3) x 1bedroom+1bathroom, and one (1) x studio units. The front unit is an oversized 2bedroom+2bathroom unit (estimated size: +-2,000 sqft) complete with hardwood floor, custom color paint, built-in cabinetry, floor-to-ceiling linen closets, walk-in closets, en-suite bathroom, fireplace, and private patio. Other units are large with good layout and plenty of storage cabinets, windows A/C, wall heating, tiled bathroom, and kitchen. Four units have private balcony/patio area. Five units have been updated with new hardwood flooring.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T19:34:44.67. 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/96669918

    1715 S 5th Street Alhambra, CA 91803

    • Price: $4,500,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: AR19161081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    13,303
    SQFT
    $338
    $/SQFT
    1966
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Le Chateau-1715 S 5th St. is an attractive 14-unit NON-rent-control value-add apartment community located in the desirable City of Alhambra, CA. The property is in a very desirable location just 2 blocks south of Valley Boulevard retail corridor and one block from Alhambra elementary school. This offering provides an excellent investment opportunity for investors to operate and cash flow the property from the start. The property has a very low vacancy history due to its convenient and strategic location. The property is a two-story well-maintained garden style apartment that was built in 1966. It has a large living area of 13,303 sqft (average +-950 sqft per unit) and situated on a 15,458 sqft lot. It has secured entrance and garage parking. It offers an entryway with a central garden area complete with water fountain and lush landscaping. It offers an excellent unit mix of three (3) x 2bedroom+2bathroom, seven (7) x 2bedroom+1bathroom, three (3) x 1bedroom+1bathroom, and one (1) x studio units. The front unit is an oversized 2bedroom+2bathroom unit (estimated size: +-2,000 sqft) complete with hardwood floor, custom color paint, built-in cabinetry, floor-to-ceiling linen closets, walk-in closets, en-suite bathroom, fireplace, and private patio. Other units are large with good layout and plenty of storage cabinets, windows A/C, wall heating, tiled bathroom, and kitchen. Four units have private balcony/patio area. Five units have been updated with new hardwood flooring.
    Exterior Features

    Carport Spaces 20.00 Garage Spaces 0.00 Lot Features 36-40 Units/AcreCorner LotLot 10000-19999 SqftRectangular LotLevelNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedControlled EntranceCovered Parking Total 20.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Appliances Gas & Electric Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Dining Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Laundry Features Common AreaCommunity Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.64 Community Features SuburbanUrbanValley Country Us Electric Electricity - On Property Electric Expense 1253.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2400.00 Gross Income 298800.00 Gross Multiplier 15.06 Gross Operating Income 289836.00 Gross Scheduled Income 298800.00 Insurance Expense 4558.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 5600.00 Net Operating Income 208628.00 New Construction YN No New Taxes Expense 53054.00 Number Of Separate Electric Meters 15 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 14 Number Wall AC 14 Number With Dishwasher 14 Number With Disposal 14 Number With Range 14 Number With Refrigerator 0 Operating Expense 81208.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 24750.00 Total Expenses 81208.00 Trash Expense 3766.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 4000.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Alrpd*

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T19:34:44.67. 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.
     
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