Property Detail

Description

Opportunity to purchase a 7 units multifamily investment property situated in a highly desirable pocket of Alhambra, in the heart of the San Gabriel Valley. The property benefits from exceptional accessibility to major thoroughfares including Valley Blvd and the I-10, I-710 and SR-60 freeways, placing residents within minutes of premier dining, retail, Cal State LA, and employment hubs throughout Alhambra, Monterey Park, and Downtown Los Angeles.The property has demonstrated stable in-place income with long-term tenants, offering investors immediate cash flow with the opportunity to organically increase rents to market over time. Currently there are three (3) vacant units, allowing investors to upgrade the units and lease up at premium market rent. Additionally, the layout and lot configuration may present ADU potential (buyer to verify), providing a clear path to further increase income and overall asset value.With a total building size of +/-4,046 SF sitting on a +/-8,919 SF lot, the asset consists of 7 well-maintained units with an efficient unit mix of six (6) 1 Bed / 1 Bath, and one (1) 2 Bed / 1 Bath. Each unit is thoughtfully designed and benefits from two (2) dedicated parking spaces (garage + driveway)--a rare and highly desirable amenity that significantly enhances tenant appeal and retention. The buildings are well-maintained featuring: wood and tile flooring, copper plumbing, private storage units, private patio (for the 2-bedroom unit). The onsite laundry room generates additional income.With its combination of prime location, strong rental fundamentals, parkin