1024 S Atlantic Boulevard, Alhambra

$4,900,000

0 Beds
0 Baths
13,093 Sqft
17,144 Lot Sqft
0 Garages

1024 S Atlantic Blvd, Alhambra is a 17-unit value-add apartment with significant rental upside potential in a very strong rental market of West San Gabriel Valley. The property is uniquely situated several blocks from the burgeoning and renown Valley Blvd and the recently completed Atlantic Times Square – a local shopping mall complete with AMC Theater. Due to its convenient location several blocks from Valley Blvd, this property provides excellent access to myriad of restaurants, shopping, and most of the amenities the City of Alhambra has to offer. It is also close to many public transportations and is just minutes away from FWY 10 for convenient access to other parts of Los Angeles such as Downtown LA, FWY 710, and FWY 5.
The property is a garden style apartment that was built in 1960 and situated on a ±17,143 sqft lot. It has center courtyard and offers excellent unit mix of one 3bed+2bath, eight 2bed+1bath, and eight 1bed+1bath units. Most of the tenants are long-time tenants and the current rental income are significantly below market.

Each unit is separately metered for electricity and gas and parking is provided by 17 parking spaces in the back. Most of the units have upgraded double pane windows, windows A/C, wall heating, ceiling fans and other amenities. Many units have an updated flooring with granite kitchen countertops and mirrored closet doors, and tiled bathroom.

Essential Information
MLS® #AR20041197
Price$4,900,000
Bathrooms0.00
Square Footage13,093
Lot Sqft17,144
Acres0.39
Year Built1960
TypeResidential Income
StatusActive
No of Units17
Community Information
Address1024 S Atlantic Boulevard
AreaAlhambra (601)
CityAlhambra
CountyLos Angeles
StateCA
Zip Code91803
Amenities
Parking Spaces17
Interior
HeatingWall Heater
CoolingWall or Window Units
# of Stories2
StoriesTwo
Lot Description

Level with Street, Lot 10000-19999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat, Near Public Transit

Additional Information
Date ListedFebruary 25th, 2020
Days on Market38
ZoningALRPD*
Listing Details
AgentHandoko Chen(01749321)
OfficeGIG Real Estate Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of April 4th, 2020 at 9:07pm 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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