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1010 Atlantic Boulevard, Alhambra, CA 91803
Priced at Only: $6,000,000
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Address: 1010 Atlantic Boulevard, Alhambra, CA 91803
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  • MLS#: 26649001 ( )
  • Street Address: 1010 Atlantic Boulevard
  • Viewed: 2
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 0
  • Days On Market: 41
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91803
  • Provided by: Realty Investment Advisors, Inc.
  • Contact: Alexander Alexander
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    RIA and Compass are pleased to offer for sale a well located 20 unit courtyard style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 3Bed+1.5bath, 4 2Bed+1.5bath, 8 2Bed+1bath, 2 1Bed+1bath units and studio appealing to long term tenants and supporting strong, stable occupancy. The classic courtyard design creates a welcoming, community oriented feel with a fountain water feature and strong curb appeal. Solid in place rents offer an investor nearly a 5% cap on a well maintained property. A major highlight of the property is the 37 on site parking spaces and an enclosed 2 car garage that can used for storage or parking. Seismic retrofitting of the tuck under soft story parking has been completed. The ample parking, combined with the efficient layout and strong unit mix, positions this asset as a compelling long term hold or value add investment. On site laundry room and the community courtyard vibe add to the appeal for the residents.There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. Situated in a sought after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. This is a rare opportunity to acquire a well sized, professionally appealing multifamily asset in one of the San Gabriel Valley's most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.
Features
Building Area Total
  1. 19612.00
Country
  1. US
Levels
  1. Three Or More
Netoperatingincome
  1. 291026.00
Parcel Number
  1. 5350014031
Parking Features
  1. Covered
  2. Driveway
  3. Side by Side
Sourcesystemkey
  1. 26649001:CLAW
Totalexpenses
  1. 181674.00
Year Built
  1. 1968
Zoning
  1. ALRPD*
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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