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1609 S Atlantic Boulevard

Alhambra, CA 91803
  • $3,750,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: OC24025079
UPDATED: 29 min ago
$3,750,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Andrew Homs of H & M Realty Group (949-625-4533)


Description

Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed with basement and fenced yard. All units have laundry hookups inside except studio and upstairs unit has a laundry room downstairs. Contact City/County to explore possibilities of adding square footage and/or additional units or ADUs. Parking on site includes 5 single car garages (standalone building with nothing above), a two-car garage (with studio attached and unit above), a carport, and a parking space off the alley. Attached Owner's unit/shed with bathroom and separate access. Plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All tenants are month to month, most have been at the property long term. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino and the San Gabriel with close freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, Golf Courses, Downtown LA, Santa Anita, The Rose bowl, retail shops, parks, Cal State LA, USC, UCLA and more. Private Property - do not enter without written permission.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T16:31:50.07. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147261015
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1609 S Atlantic Boulevard Alhambra, CA 91803

  • Price: $3,750,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 29 min ago
  • ID#: OC24025079
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1947
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed with basement and fenced yard. All units have laundry hookups inside except studio and upstairs unit has a laundry room downstairs. Contact City/County to explore possibilities of adding square footage and/or additional units or ADUs. Parking on site includes 5 single car garages (standalone building with nothing above), a two-car garage (with studio attached and unit above), a carport, and a parking space off the alley. Attached Owner's unit/shed with bathroom and separate access. Plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All tenants are month to month, most have been at the property long term. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino and the San Gabriel with close freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, Golf Courses, Downtown LA, Santa Anita, The Rose bowl, retail shops, parks, Cal State LA, USC, UCLA and more. Private Property - do not enter without written permission.
Exterior Features

Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location Front Lot Features Back YardFront YardLandscapedSprinkler SystemYard Number Of Separate Electric Meters 7 Open Parking Spaces 1 Parking Features CarportGarageOn Site Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(s)Sidewalks Contingency Buyer to cooperate with Seller's 1031 exchange at no cost to Buyer. Disclosures Familial RelationPrincipal is Real Estate Licensed Electric Expense 760.29 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 172980 Insurance Expense 2967 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 124104 New Construction YN No New Taxes Expense 37500 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 2 Number Of Units Leased 8 Operating Expense 48876 Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 163492 Trash Expense 2474 Water Sewer Expense 2785 Water Source Public Zoning ALRPD*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T16:31:50.07. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Andrew Homs of H & M Realty Group (949-625-4533)