920 N 1ST Street

    Alhambra, CA 91801
    • $5,450,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 19458154
    $5,450,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,911
      SQFT
    • $499
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 920 North 1st Street, a 16-unit apartment community in the city of Alhambra, a core market in the San Gabriel Valley. The property borders the affluent neighborhoods of San Marino and South Pasadena, which provides new investors potential for high rent growth unique to Alhambra. The meticulously maintained property built in 1959 consists of 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The two-story building features two points of ingress and egress, gated entry into a naturally-lit courtyard, 16 covered parking spots, on-site laundry, separate meters for gas and electricity, a pitched roof, and partial copper plumbing. Its 14,704 square foot lot nestles on a residential street with ample street parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-17T00:38:50.917. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/93970624

    920 N 1ST Street Alhambra, CA 91801

    • Price: $5,450,000
    • Status: Active
    • ID#: 19458154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    10,911
    SQFT
    $499
    $/SQFT
    1959
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    We are pleased to present the opportunity to acquire 920 North 1st Street, a 16-unit apartment community in the city of Alhambra, a core market in the San Gabriel Valley. The property borders the affluent neighborhoods of San Marino and South Pasadena, which provides new investors potential for high rent growth unique to Alhambra. The meticulously maintained property built in 1959 consists of 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The two-story building features two points of ingress and egress, gated entry into a naturally-lit courtyard, 16 covered parking spots, on-site laundry, separate meters for gas and electricity, a pitched roof, and partial copper plumbing. Its 14,704 square foot lot nestles on a residential street with ample street parking.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.26 Gross Multiplier 18.00 Gross Operating Income 306909.00 Improvements Amount 1385160 Land Value 2592840 Laundry YN Yes Net Operating Income 177773.00 Special Listing Conditions Standard Total Expenses 120055.00 Zoning R3

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-17T00:38:50.917. 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. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003