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Listed by David Holstein, DRE #01210777 • The Holstein Group
$ 2,675,000
Est. payment /mo
New
326 N Stoneman Alhambra, CA 91801
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26212492
Year Built 1976
Lot Size 0.271 Acres
Source California Regional MLS
Property Description
Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years.. Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-mainta
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 16.0
Pool None
View None
Building
Water District - Public
Others
Tax ID 5337006003
Special Listing Condition Not Applicable
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