231 N Alhambra Ave - Apartments FOR SALE


Monterey Park, CA 91755
$3,800,000 USD
626-464-0241
231 N Alhambra Ave, Monterey Park, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

231 N Alhambra Ave
Monterey Park, CA 91755


OVERVIEW

Golden West Property Management is pleased to present this opportunity to acquire the fee simple interest in 231 N Alhambra Ave, Monterey Park. Situated in the heart of Monterey Park, 231 N Alhambra Ave is a professionally managed 12-unit apartment complex that presents a prime value-add opportunity for investors. The property comprises six 1-bedroom and six 2-bedroom units, providing a total of 9,290 square feet of rentable space. With current rents below market levels, there is significant potential for income growth through strategic rent increases and targeted renovations. The upside in rent offers the opportunity to boost cashflow and overall property value, making it an attractive proposition for valueseeking investors. Each unit offers a comfortable living in a desirable area with consistent tenant demand. The property’s location in Monterey Park is known for its cultural richness and strong community. Monterey Park is a gateway to the vibrant San Gabriel Valley, which boasts one of the largest Asian-American populations in the United States. The neighborhood offers easy access to a range of popular retail, dining, and entertainment options nearby along the Garvey Ave corridor and close-by Atlantic Blvd. The property also allows for quick access to the 10 Freeway, providing a convenient commute for tenants to Downtown Los Angeles and beyond, while also being situated at a key interchange between the bustling San Gabriel Valley and the more urban Westside.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

12

PRICE/UNIT

$316,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,858 SF

ZONING

MPR3YY

APN/PARCEL ID

5255-019-011

ASK ABOUT THIS PROPERTY

Darren DiauGolden West Property ManagementMore Info
626-464-0241

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Darren DiauGolden West Property ManagementMore Info
626-464-0241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.