1820 Vine Street

    Alhambra, CA 91801
    • $2,247,500
    • STATUS: Closed
    • ON SITE: 63 days
    • ID#: WS20024382
    Sold - 03/31/2020
    $2,247,500
    SOLD - 03/31/2020
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,922
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Welcome to 1820 Vine Street, an immaculate and well maintained 7 unit Apartment located in the beautiful City of Alhambra. Recent improvements include new roof in 2017 and new exterior paint in 2018. This property is conveniently located near Downtown LA, Pasadena, and Hollywood. It is also in close proximity of schools, shopping centers, restaurants, and parks. It also has easy access to the 10 and 710 freeways. All units are fully occupied with paying tenants. Price at only $325,714 per unit. Rents are below market rate and there is so much potential for upside in rents and fantastic long term investment.

    Sold by Tony Banegas of Millenia Real Estate Services.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T00:25:16.32. 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/102892364

    1820 Vine Street Alhambra, CA 91801

    • Price: $2,280,000
    • Status: Closed
    • Updated: 39 min ago
    • ID#: WS20024382
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    6,922
    SQFT
    $325
    $/SQFT
    1964
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Welcome to 1820 Vine Street, an immaculate and well maintained 7 unit Apartment located in the beautiful City of Alhambra. Recent improvements include new roof in 2017 and new exterior paint in 2018. This property is conveniently located near Downtown LA, Pasadena, and Hollywood. It is also in close proximity of schools, shopping centers, restaurants, and parks. It also has easy access to the 10 and 710 freeways. All units are fully occupied with paying tenants. Price at only $325,714 per unit. Rents are below market rate and there is so much potential for upside in rents and fantastic long term investment.
    Exterior Features

    Carport Spaces 8.00 Direction Faces North Fence YN No Fencing None Garage Spaces 0.00 Lot Features 6-10 Units/AcreLot 10000-19999 SqftRectangular LotPark NearbySprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCoveredConcrete Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Shingle Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    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 No Common Walls Cooling Wall/Window Unit(S)Electric Cooling YN Yes Heating Wall FurnaceElectric Heating YN Yes Laundry Features Common AreaDryer IncludedIndividual RoomWasher Included Levels Two Room Type KitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 1020.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 131400.00 Gross Scheduled Income 133200.00 Insurance Expense 2669.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1800.00 Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 85000.00 New Construction YN No New Taxes Expense 28500.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number Wall AC 7 Operating Expense 48020.00 Pest Control Expense 345.00 Professional Management Expense 5994.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays Cable TvElectricityTelephone Total Actual Rent 10950.00 Total Expenses 48020.00 Trash Expense 0.00 Utilities Cable AvailableElectricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 4892.00 Water Source Public Year Built Source Public Records Zoning Alrpd*

    Listing provided courtesy of Zi-Xiang Chang of East West Realty, Inc. and Tiffany Le of East West Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T00:25:16.32. 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