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22 N Electric Avenue

Alhambra, CA 91801
  • $1,990,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: WS22163110
UPDATED: 47 min ago
$1,990,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Lina Zhang of Re/Max Premier/Sanmarino (626-660-1100)


Description

Are you looking for a worry-free income property? This is a rare oppotunity! One 1/1 single house plus four 2/1 units two story building in the heart of North Alhambra. All 5 units are tastefully renovted with newly painted two-tone walls, dual pane windows, upgraded wood floors, white carrera marble-like tiles, granite countertops,2 units with new split AC/hearting units and new electrical panels. All units have in-unit washer and dryers hook-ups. Most important.....all units are occupanted by super quality tenants with total more than 6% cash to cash return. This convienent location will offer you very successful Air B&B business as well. What a nice income property which is not last!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T16:36:10.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131242155
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22 N Electric Avenue Alhambra, CA 91801

  • Price: $1,990,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 47 min ago
  • ID#: WS22163110
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1948
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Are you looking for a worry-free income property? This is a rare oppotunity! One 1/1 single house plus four 2/1 units two story building in the heart of North Alhambra. All 5 units are tastefully renovted with newly painted two-tone walls, dual pane windows, upgraded wood floors, white carrera marble-like tiles, granite countertops,2 units with new split AC/hearting units and new electrical panels. All units have in-unit washer and dryers hook-ups. Most important.....all units are occupanted by super quality tenants with total more than 6% cash to cash return. This convienent location will offer you very successful Air B&B business as well. What a nice income property which is not last!
Exterior Features

Lot Features Front YardLandscaped Number Of Separate Electric Meters 5 Parking Features GarageGarage Door OpenerOn SiteGarage Faces Rear Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street

Interior Features

Common Walls 2+ Common Walls Cooling Energy Star Qualified EquipmentWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileWood Heating Energy Star Qualified EquipmentWall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 128160 Gross Scheduled Income 128160 Insurance Expense 3000 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 93940 New Construction YN No New Taxes Expense 25000 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 34220 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1900 Vacancy Allowance Rate 5 Water Sewer Expense 2520 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T16:36:10.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Lina Zhang of Re/Max Premier/Sanmarino (626-660-1100)