Contact Xavier Gomez
Schedule A Showing
201 Atlantic Boulevard, Alhambra, CA 91801
Priced at Only: $2,900,000
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Address: 201 Atlantic Boulevard, Alhambra, CA 91801
Property Location and Similar Properties
- MLS#: OC26007472 ( Multi Family )
- Street Address: 201 Atlantic Boulevard
- Viewed: 6
- Price: $2,900,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1928
- Bldg sqft: 0
- Days On Market: 22
- Additional Information
- County: LOS ANGELES
- City: Alhambra
- Zipcode: 91801
- Provided by: Regency Real Estate Brokers
- Contact: Stephen Stephen

- DMCA Notice
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DescriptionSeven Unit Craftsman Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven unit, single story cottage style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Features
Accountingtype
- ProForma
Advertisingexpense
- 0.00
Assetclass
- Multi-Family
Building Area Total
- 5100.00
Carport Spaces
- 5.00
Commoninterest
- None
Country
- US
Current Financing
- None
Current Use Comments
- all units leased
Expense Year
- 2025
Insurance Expense
- 6000.00
Land Use
- Multi-Family
Laundry Features
- None
Laundry Income
- 0.00
Netoperatingincome
- 109428.00
Otherincome1
- 0.00
Parcel Number
- 5338022013
Professionalmanagementexpense
- 9072.00
Property Type
- Multi Family
Residentmanagerexpense
- 0.00
Totalexpenses
- 41772.00
Uncovered Spaces
- 5.00
Utilities
- See Remarks
Vacancyallowance
- 7560
Water Source
- Public
- See Remarks
Year Built
- 1928
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com



