105 South Granada Avenue is a charming 6-unit apartment offered for sale for the first time in nearly 70 years. It is a generational asset that has been well maintained within the same family during this time. It is desirably located one block south of Main Street and within one mile east of South Garfield Avenue & Main Street, which is the heart of Downtown Alhambra. The asset has an 84 “Walk Score,” which means most errands can be accomplished on foot. It is conveniently located adjacent to CVS, across from Granada Elementary School, and nearly “kitty-corner” to McDonald’s. The property is comprised of two three-bedroom/two-bathroom units (estimated 1,100 sf) and four twobedroom/ one and a half-bathroom units (single-story, estimated 850 sf). The total building square footage is 5,632 square feet and the lot size is 7,267 square feet. It is zoned residential low density. It is a two-story building comprised of wood & stucco and has a pitched roof. It offers 8 tuck-under parking spots. Seismic retrofit has not been completed; however, it is not mandated by the City of Alhambra. There is an on-site washer and dryer owned by the building. Plumbing is cast iron except for Unit B, which was replumbed in 2022 with DWV copper. Electrical panels are original. A new 40-gallon electric water heater was installed in 2023. Each unit has an individual water heater. Units utilize wall air-conditioning units. The building is individually metered for electricity (the building does not use gas). The owner pays for water, trash, sewer and common area electricity. 105 South Granada Avenue represents a rare opportunity to acquire a generational asset with large unit mixes, which yield strong in-place rental income and future rental upside in a prime Downtown Alhambra Location.

Listed By CRMLS_CA / Andy Chan / Keller Williams Realty / 6263217410

Last checked: Checking… • Last updated Dec 13, 2024 • Source: CRMLS_CA

MLS# PF24145243 — Report a problem