801 S Atlantic Blvd - Apartments FOR SALE


Alhambra, CA 91803
$1,750,000 USD
323-671-1233
801 S Atlantic Blvd, Alhambra, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/6
null | 4% Cap Rate

801 S Atlantic Blvd
Alhambra, CA 91803


HIGHLIGHTS

  • Extremely low owner expenses.
  • All electric building with separate meters for each unit.
  • First time offered in over 45 years

OVERVIEW

Rare Investment Opportunity First Time on the Market in 45 Years Introducing an incredible 6-unit multifamily property in the heart of Alhambra, proudly offered for the first time in over four decades. This prime asset features five spacious 2-bedroom/1-bathroom units and one studio, all designed with open floor plans that seamlessly blend living, dining, and kitchen areas. The 2-bedroom units offer generous bedroom sizes and ample closet space, with two front units enhanced by charming fireplaces, adding extra appeal for tenants. The property includes 9 parking spaces (6 covered carports and 3 uncovered), providing convenience for all residents. Each unit is individually metered for electricity and equipped with its own water heater, ensuring low overhead and ease of management. A community laundry room is available onsite, with seller-owned washer and dryer included in the sale. The building is currently fully occupied with long-term tenants, all of whom are current on rent a testament to the property s stability and desirability. Strategically located midway between the vibrant retail and dining corridors of Main Street and Valley Boulevard, the property offers excellent access to all that Alhambra has to offer. DRIVE BY ONLY!!!! PLEASE DO NOT WALK ONTO THE PROPERTY OF DISTURB THE TENANTS.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alhambra 6 unit Gem

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,074 SF

ZONING

-

APN/PARCEL ID

5350-020-018

ASK ABOUT THIS PROPERTY

Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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