411 N Atlantic Blvd

    Alhambra, CA 91801
    • $3,000,000
    • STATUS: Active Under Contract
    • ON SITE: 87 days
    • ID#: TR18153793
    Under Contract
    UPDATED: 14 min ago
    $3,000,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,172
      SQFT
    • $580
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Attention investors and developers: Prime location in Alhambra, adjacent to city of San Mario, a large lot of R-3 over 24,000 sq.ft. with 10 individual units of bungalow style apartment all 1 bed/1 bath. Fully occupied, individually metered for gas & electricity, low maintenance with room for upside rent increase. The property is ideal for development of 12-15 units of condominium for potential builders. Over 14,000 living sq.ft. available for condo project. Buyers to verify with City of Alhambra. Sold as-is, no warranties. Seller may carry. Call for detail.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T13:30:03.077. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85132889

    411 N Atlantic Blvd Alhambra, CA 91801

    • Price: $3,000,000
    • Status: Active Under Contract
    • Updated: 14 min ago
    • ID#: TR18153793
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    5,172
    SQFT
    $580
    $/SQFT
    1929
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Attention investors and developers: Prime location in Alhambra, adjacent to city of San Mario, a large lot of R-3 over 24,000 sq.ft. with 10 individual units of bungalow style apartment all 1 bed/1 bath. Fully occupied, individually metered for gas & electricity, low maintenance with room for upside rent increase. The property is ideal for development of 12-15 units of condominium for potential builders. Over 14,000 living sq.ft. available for condo project. Buyers to verify with City of Alhambra. Sold as-is, no warranties. Seller may carry. Call for detail.
    Exterior Features

    Garage Spaces 10.00 Lot Features LawnLot 20000-39999 SqftUp Slope From StreetValue In Land Lot Size Dimensions 98' X 247' Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Area Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.01 Community Features CurbsStreet Lighting Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1620.00 Gross Income 117120.00 Gross Multiplier 25.61 Gross Scheduled Income 117120.00 Insurance Expense 3000.00 Land Lease YN No Laundry YN Yes Licenses Expense 187.00 Lot Dimensions Source Assessor Maintenance Expense 6053.00 Net Operating Income 90228.00 New Taxes Expense 10612.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 26892.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Supplies Expense 40.00 Tenant Pays ElectricityGas Total Actual Rent 9760.00 Total Expenses 26892.00 Trash Expense 1900.00 Water Sewer Expense 3080.00 Water Source Public Year Built Source Assessor Zoning R-3

    Listing provided courtesy of Elaine Chen of Centermac Realty, Inc. and Tsungchih Lin of Centermac Realty, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T13:30:03.077. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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