$5,650,000 Price Analysis   ♡   Alhambra, CA 91801 22 bed 16 bath 10,911 SqFt ($517/SqFt) 0.34 acre lot. Built 1959 Listed 2024-04-05, Taxes $54,463 | Ⓧ USDA Ineligible due to price & location near Alhambra |
We are pleased to present First Street Apartments
A 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an i deal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers and upgraded exterior lighting.
Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances and new A/C and heating. In-place rents generate a current cap rate of 4.3%, 5.6% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-fter location.
Presented by Ryan Loria at
Triqor Group.
Property MLS #PW24067638 from CRMLS
Lot Size Acres: 0.3376
Lot Size Source: Public Records
Lot Size Square Feet: 14705
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
County: Los Angeles
Source Property Type: Residential Income
Area: 601 - Alhambra
Source Neighborhood: 601 - Alhambra
Number of Separate Electric Meters: 16
Number of Separate Gas Meters: 16
Parcel Number: 5321020021
Postal Code Plus 4: 1365
Zoning: ALRPD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,514,873 + $2,835,645 $4,350,518 | $54,463 |
| 2021 | $1,485,170 + $2,780,045 $4,265,215 | $53,903 |
| 2020 | $1,469,942 + $2,751,540 $4,221,482 | $53,626 |
| 2019 | $1,441,120 + $2,697,589 $4,138,709 | $52,038 |
| 2018 | $1,412,863 + $2,644,696 $4,057,559 | $52,277 |
| 2017 | $1,385,160 + $2,592,840 $3,978,000 | $51,513 |
| 2016 | $863,965 + $1,548,884 $2,412,849 | $31,446 |
| 2015 | $850,988 + $1,525,619 $2,376,607 | $30,993 |
| 2014 | $834,319 + $1,495,735 $2,330,054 | $30,675 |
| 2013 | $830,549 + $1,488,976 $2,319,525 | $30,645 |
| 2012 | $814,264 + $1,459,781 $2,274,045 | $30,229 |
| 2010 | $798,299 + $1,431,158 $2,229,457 | $28,641 |
| 2009 | $819,475 + $956,243 $1,775,718 | $23,626 |
| 2009 | $829,280 + $1,342,052 $2,171,332 | $23,626 |
| 2008 | $803,407 + $937,494 $1,740,901 | $22,877 |
| 2007 | $787,654 + $919,112 $1,706,766 | $22,483 |
$5,650,000
CRMLS
Listed 2024-04-05
$5,800,000
CRMLS
Listing removed 2019-08-08
$0
TheMLSCLAW
Price Changed 2019-08-01
$5,275,000
TheMLSCLAW
Listed 2019-04-23
$5,450,000
TheMLSCLAW
Sold 2016-05-06
$3,900,000
Public Record
Sold 1990-09-13
$1,300,000
Public Record
Sold 1987-09-09
$875,000
Public Record
Year Built: 1959
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 65
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.