225 Palmetto Dr

    Alhambra, CA 91801
    • $4,380,000
    • STATUS: Pending
    • ON SITE: 187 days
    • ID#: TR19087505
    Pending
    UPDATED: 8 min ago
    $4,380,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,110
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We're pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. The property is located at 225 Palmetto Drive, Alhambra, one of the most desirable city in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 7 one-bedroom/ one-bath units, 7 two-bedroom/one-bath units, and 1 three-bedroom/ two-bedroom unit. This property offers upscale for investors to invest an asset with well-maintained condition. Seven units have been fully renovated. Ideal for 1031 exchange with potential upside. 4.47% IN PLACE CAP RATE IN ALHAMBRA.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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/93813120

    225 Palmetto Dr Alhambra, CA 91801

    • Price: $4,380,000
    • Status: Pending
    • Updated: 8 min ago
    • ID#: TR19087505
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    11,110
    SQFT
    $0
    $/SQFT
    1963
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    We're pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. The property is located at 225 Palmetto Drive, Alhambra, one of the most desirable city in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 7 one-bedroom/ one-bath units, 7 two-bedroom/one-bath units, and 1 three-bedroom/ two-bedroom unit. This property offers upscale for investors to invest an asset with well-maintained condition. Seven units have been fully renovated. Ideal for 1031 exchange with potential upside. 4.47% IN PLACE CAP RATE IN ALHAMBRA.
    Exterior Features

    Garage Spaces 0.00 Lot Features 11-15 Units/Acre Lot Size Units Acres Parking Total 0.00 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 Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 3150.00 Elevation Units Feet Fuel Expense 1440.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Operating Income 292003.00 Gross Scheduled Income 298560.00 Insurance Expense 3950.00 Land Lease YN No Laundry YN Yes Maintenance Expense 9000.00 Net Operating Income 195732.00 New Construction YN No New Taxes Expense 56131.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 96271.00 Other Expense 3000.00 Other Expense Description Reserve Professional Management Expense 11680.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 96271.00 Trash Expense 0.00 Vacancy Allowance 8957 Vacancy Allowance Rate 3.00 Water Sewer Expense 6720.00 Water Source None Year Built Source Public Records

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc. and Grady Liu of Macroreal Inv Grp Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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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    Bonsall CA, 92003