22 N Electric Avenue
Alhambra, CA 91801
- – beds
- – baths
- – sqft
- 7,621 sqft lot
- 1948 build
- – on site
We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market. This property offers unparalleled flexibility in a high-demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
Last checked:
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Last updated Oct 31, 2024
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MLS# AR24172997 —
The Building
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Year Built:1948
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:3840.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:5
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:1
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Laundry:Dryer Included, In Kitchen, Washer Included
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Laundry:1
Location
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Directions:North of Main Street, West of Atlantic Boulevard
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Latitude:34.09238600
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Longitude:-118.13923100
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:ALP*
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Lot Features:Rectangular Lot
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Lot Size Area:7621.0000
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Lot Size Acres:0.1750
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Lot Size SqFt:7621.00
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Lot Size Source:Seller
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:D
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Tax Census Tract:4803.03
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5338012007
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Showings Begin:2024-08-26
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:5.00
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Garage Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/31/24
Oct 31, 2024
|
Price Changed | CRMLS_CA | $2,480,000 | -4.6% |
|
8/26/24
Aug 26, 2024
|
Listed / Active | CRMLS_CA | $2,600,000 | 36.8% (26.2% / YR) |
|
3/31/23
Mar 31, 2023
|
CRMLS_CA | $1,900,000 | -17.4% |
