223 S 5th Street

    Alhambra, CA 91801
    • $2,100,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: AR19217559
    UPDATED: 19 min ago
    $2,100,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,048
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    The Growth Investment Group is proud to present 223 S 5th Street, a 6-unit multifamily property located in the highly desirable city of Alhambra, California. This property consists of +-5,048 sqft of living space situated on a large +-7,600 sqft lot. It offers a superb unit mix consisting of (1) x 2bedroom + 1.75bathroom, (2) x 2bedroom + 1 bathroom, and (3) x 1bedroom + 1 bathroom units. The property was built in 1963 and this is the first time this property has been offered for sale since 1985 which is over 34 years! 223 S 5th Street rarely has any vacancies because of the of its superb location which makes it convenient to walk to supermarkets, restaurants, coffee/tea shops, retail shops, department stores, entertainment, parks, libraries, and schools. This offering provides an excellent value-add opportunity for investors by adjusting rents to market.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T12:34:34.237. 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/98873249

    223 S 5th Street Alhambra, CA 91801

    • Price: $2,100,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: AR19217559
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,048
    SQFT
    $416
    $/SQFT
    1963
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    The Growth Investment Group is proud to present 223 S 5th Street, a 6-unit multifamily property located in the highly desirable city of Alhambra, California. This property consists of +-5,048 sqft of living space situated on a large +-7,600 sqft lot. It offers a superb unit mix consisting of (1) x 2bedroom + 1.75bathroom, (2) x 2bedroom + 1 bathroom, and (3) x 1bedroom + 1 bathroom units. The property was built in 1963 and this is the first time this property has been offered for sale since 1985 which is over 34 years! 223 S 5th Street rarely has any vacancies because of the of its superb location which makes it convenient to walk to supermarkets, restaurants, coffee/tea shops, retail shops, department stores, entertainment, parks, libraries, and schools. This offering provides an excellent value-add opportunity for investors by adjusting rents to market.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Units Square Feet Parking Total 8.00 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 Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.17 Community Features Urban Country Us Electric Expense 720.00 Elevation Units Feet Fuel Expense 1152.00 Gardener Expense 720.00 Gross Income 104340.00 Gross Multiplier 20.13 Gross Operating Income 101210.00 Gross Scheduled Income 104340.00 Insurance Expense 2200.00 Land Lease YN No Laundry YN Yes Net Operating Income 66706.00 New Construction YN No New Taxes Expense 24630.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Operating Expense 34504.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 34504.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Donald La of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T12:34:34.237. 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