920 N 1st Street, Alhambra (91801)
$5,800,000
0 
0
10,911
PROPERTY DETAILS
| Address: |
view address Alhambra, CA 91801 Map Location |
Features: | Multi-level |
|---|---|---|---|
| Square Feet: | 10,911 sq.ft. | Lot Size: | 14705.0 |
| Year Built: | 1959 | Property Type: | Apartment |
| County: | Los Angeles | List Date: | 2024-04-04 |
| Listing Number: | PW24067638 | Days on market: | 44 |
PROPERTY DESCRIPTION
We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.1%, 5.4% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
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Interior
Features
| Laundry Features: | Common Area | Laundry: | Yes |
Exterior
Exterior and Lot
| Lot features: | Rectangular Lot |
Pool and Spa
| Pool Features: | None |
Property and Lot Details
Features
| Community Features: | Suburban |
Other
| Sewer: | Public Sewer |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1959 | Levels: | Two |
| Stories: | 2 |
Lot
| Lot Dimensions: | 14705.0 |
Construction
| Building Area total: | 10911.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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