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1342 Edgewood, Alhambra, CA 91803
Priced at Only: $1,799,000
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Address: 1342 Edgewood, Alhambra, CA 91803
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  • MLS#: CV25241240 ( Apartment )
  • Street Address: 1342 Edgewood
  • Viewed: 1
  • Price: $1,799,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 0
  • Days On Market: 108
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91803
  • Provided by: KALEO REAL ESTATE COMPANY
  • Contact: Stacy Stacy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Amazing opportunity in the heart of Alhambra! Prime 5 Unit Investment Opportunity to add extra value to any investment portfolio! An exceptional opportunity for the savvy investor this 5 unit income property is ideally located north of the 10 freeway in one of Alhambras most desirable and stable rental markets.Positioned in a high demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Proforma reflects current market value at the time of the listing. All tenants have assigned parking, water and trash are included in the rent. This is a FANTASTIC opportunity and a great start for the new investor looking at multi unit opportunities. Positioned in a fabulous neighborhood and seton a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. There are four * 2 bed/2 bath units* and one *1 bed/1 bath*. All are spaciously appointed with large living rooms and each unit enjoys on site assigned parking, a very valuable amenity for tenants in this area. The property also features an **on site laundry room** with owner operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra property presents a rare opportunity to acquire a turnkey asset with long term upside. Looking for a stable, income producing property in a proven Los Angeles County market? This one checks all the boxes.
Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 4422.00
Carport Spaces
  1. 7.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 99
Entry Location
  1. 1
  2. 2
Garage Spaces
  1. 0.00
Insurance Expense
  1. 2937.00
Laundry Features
  1. Common Area
  2. See Remarks
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 60080.00
Parcel Number
  1. 5355004011
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 449318921:CRM
Totalactualrent
  1. 78000.00
Totalexpenses
  1. 17920.00
Trash Expense
  1. 7983.00
Uncovered Spaces
  1. 2.00
View
  1. Neighborhood
Water Sewer Expense
  1. 7000.00
Water Source
  1. Public
Year Built
  1. 1979
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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