CA > Alhambra
Alhambra, CA 91801,601 N Stoneman Avenue
Alhambra, CA 91801,601 N Stoneman Avenue
Alhambra, CA 91801,601 N Stoneman Avenue
Alhambra, CA 91801,601 N Stoneman Avenue
Alhambra, CA 91801,601 N Stoneman Avenue
Alhambra, CA 91801,601 N Stoneman Avenue
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Joshua Smith

Joshua Smith

+1(619) 279-2250
$ 5,150,000
Est. payment | /mo

7 Beds

6 Baths

Save Virtual Tour
$ 5,150,000
Est. payment | /mo
Save Virtual Tour

7 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25169737

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

Offered for sale for the First Time ever, and with 5.26% CAP Rate, we are proud to present 601 N. Stoneman Ave., Alhambra. A pride-of-ownership very-well-maintained 14-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. First time for Sale ever, the property is situated on a corner lot and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of Alhambra. It is located near several new townhouses subdivisions providing a home-ownership atmosphere for the property. All tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (under California AB1482 rent control). The property is offered at a very attractive actual CAP Rate of 5.26% which is much higher than your typical north Alhambra apartments (competing properties are offering 3.5%-4.5% CAP Rates buyer to verify). The property is a two-story garden style apartment that was built in 1965. It has a large building size of 13,436 SF which translates to large average unit size of 960 SF/unit. It is on a large 14,548 SF CORNER lot providing excellent visibility from Stoneman Ave and Alha

Location

State CA

County Los Angeles

Zoning Assessor

Direction from Huntington Dr, go south on Garfield ave and make left on Alhambra Rd, building is on left hand at corner of Stoneman Ave an

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5322032028

Virtual Tour https://www.growthinvestmentgroup.com/listingdetail.aspx?pid=10496

MLS Router / San Diego MLS
Listed by Han Chen Growth Investment Group Pasade
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 279-2250

josh@yoursdrealtor.com

10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA

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601 N Stoneman Avenue