5417 Alhambra Ave - Apartments FOR SALE


Los Angeles, CA 90032
$600,000 USD
310-883-4447
5417 Alhambra Ave, Los Angeles, CA for Sale
$600,000 USD
Apartments - FOR SALE
1/5
null | 4.44% Cap Rate

5417 Alhambra Ave
Los Angeles, CA 90032


HIGHLIGHTS

  • Prime Lincoln Heights Location, North of 10 Freeway and minutes from California State University of Los Angeles
  • Located in the Lincoln Heights area of East Los Angeles, just east of downtown Los Angeles and just blocks from the 5, 10 and 710 Freeways
  • This 3 unit property consist of (2) 1Bed/1Bath, and (1) 2Bed/1Bath units with 1,841 of rentable square feet of living space, and lot size of 5,000 SF
  • The rents of this property are currently below market by 30 percent, making it an excellent investment for re-positioning and increased cash flow
  • Lincoln Heights is known for it’s high-demand and stable multi-family housing due to its proximity to downtown Los Angeles, easy freeway access

OVERVIEW

Prime Lincoln Heights Location, North of 10 Freeway and minutes from California State University of Los Angeles……The Alhambra Avenue Apartments is located in the Lincoln Heights community of East Los Angeles, just east of downtown Los Angeles and just blocks from the 5, 10 and 710 Freeways. This 3 unit property consist of (2) 1Bed/1Bath, and (1) 2Bed/1Bath units with 1,841 of rentable square feet of living space, and lot size of 5,000 square feet.  This property is a low maintenance property, operating with low operating expenses, which contributes to strong cash flows and investment yields.  The units are individually metered for electric and gas with the tenants responsible for payment.  Parking is ample with open parking in the front and side of the property.  The rents of this property are currently below market by 30 percent, making it an excellent investment for re-positioning and increased cash flow opportunity. The Property benefits from proximity to public transportation, retail shopping, grocery shopping, and within a short distance, along with the downtown shopping district directly to the west, along with easy accessibility via the 5, 10 and 710 freeways to anywhere in Los Angeles. This strong performing 3 Unit apartment complex provides a rare and ideal investment opportunity for an investor to obtain a well located income property in an area with exceptional demand for rental housing.  Lincoln Heights is known for it’s high-demand and stable multi-family housing due to its proximity to downtown Los Angeles, easy freeway access to anywhere in the Los Angeles and close proximity to Long Beach, Pasadena and Westside Communities.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

3

PRICE/UNIT

$200,000

CAP RATE

4.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

LAC2

APN/PARCEL ID

5220-018-007

ASK ABOUT THIS PROPERTY

Kevin RussellGibraltar Commercial PropertiesMore Info
310-883-4447

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Kevin RussellGibraltar Commercial PropertiesMore Info
310-883-4447

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