22 N Electric Avenue, Alhambra

$1,750,000

0 Beds
0 Baths
0 Sqft
0 Lot Sqft
0 Garages

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.

Essential Information
MLS® #20546932
Price$1,750,000
Bathrooms0.00
Acres0.00
Year Built1948
TypeResidential Income
StatusActive Under Contract
No of Units5
Community Information
Address22 N Electric Avenue
AreaAlhambra (601)
CityAlhambra
CountyLos Angeles
StateCA
Zip Code91801
Interior
HeatingWall Heater
# of Stories2
Additional Information
Date ListedJanuary 24th, 2020
Days on Market72
ZoningCPD
Listing Details
AgentSean Rosenzweig(01406343)
OfficeMarcus & Millichap
Property History
Status Changed from Active to Active Under Contract
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of April 6th, 2020 at 5:17pm CDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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