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Listed by ANDREW LUONG • RICHTOWN REALTY
$ 2,895,000
Est. payment /mo
Active
1501 S 4th ST Alhambra, CA 91803
8,871 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26001274
Year Built 1962
Lot Size 8,871 Sqft
Source California Regional MLS
Property Description
Investors: this is a solid San Gabriel Valley opportunity worth a close look. Located at 1501 S 4th Street in Alhambra 91803, this 8-unit apartment property features a total of 11 bedrooms, 9 bathrooms, 2 garage spots + 7 covered carports. This offering is a well-balanced unit mix that appeals to a broad renter base. In addition there is three 3 washer/dryer set up (with space to add more). The property offers market-rate in-place income with additional upside, appealing to investors seeking a balanced mix of cash flow and long-term appreciation. The building has been freshly painted on the exterior, roof has been new within the last three years, electrical and plumbing was update and balcony are certified. Cap rate just over 5% - already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential. Situated in the heart of the San Gabriel Valley, the property benefits from excellent freeway access, with quick connections to the I-10 Freeway for easy commutes west to Downtown Los Angeles and West LA, or east toward Hacienda Heights and surrounding SGV employment centers. This central location makes the property highly attractive to tenants seeking convenience, accessibility, and affordability relativ
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry Laundry Area, Other, Washer, Dryer
Exterior
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 5357006022
Special Listing Condition Not Applicable
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