Alhambra, CA 91801,22 N ELECTRIC AVE
Alhambra, CA 91801,22 N ELECTRIC AVE
Alhambra, CA 91801,22 N ELECTRIC AVE
$1,800,000
Est. payment /mo
Est.Price: ?

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7,840 Sqft Lot
SOLD DATE : 03/05/2020

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20546932

Year Built 1948

Lot Size 7,840 Sqft

Property Description

We are pleased to present for sale 22 North Electric Avenue, a five unit multifamily building located in the city of Alhambra, a core market in the San Gabriel Valley. The property borders the affluent neighborhoods of San Marino and South Pasadena, and is only fifteen minutes from Downtown Los Angeles. The asset's stellar location and condition offer a new investor high rental potential.The meticulously maintained property built in 1948/1949 consists of one detached one-bedroom/one-bathroom house and one fourplex comprised of two-bedroom/one-bathroom units. It is strategically positioned to avoid recent rent control regulations by having four out of five units delivered vacant at the close of escrow. Two of those four units are already rent-ready and have been tastefully renovated with newly painted two-tone walls, dual pane windows, upgraded wood floors, white carrera marble-like tiles, granite countertops, and new electrical panels.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning CPD

Interior

Heating Wall Furnace

Exterior

Parking Features Private

Building

Story 2

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
Bought with Xiao Cash Li • Keller Williams Realty

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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