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1420 S 2nd ST #A Alhambra, CA 91801
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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19260547
Sold Date 03/25/20
HOA Y/N No
Year Built 1965
Lot Size 8,712 Sqft
Acres 0.2
Property Description
The 2nd Street Apartments is a 6-unit investment property in the desirable city of Alhambra, CA. The apartments have a preferable unit mix of (1) 2-story, 3-bedroom 1 & 1/2-bath unit, (4) 2-bedroom 1-bath units, and (1) 1-bedroom 1-bath unit. Each unit is very spacious and the property provides a shared laundry facility with plenty of parking. This investment property has been well maintained by the same owner for over 20 years and is located in non-rent controlled Los Angeles County. The 2nd Street Apartments are a 5% Cap Rate on market and have 25% upside in rents. Positioned to be a great value add property in a strong rental market less than one block from Valley Boulevard, one of the major throughfares in Alhambra.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning ALP*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Total Parking Spaces 3
Private Pool No
Building
Lot Description Landscaped
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5357009009
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS
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