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:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 19, 2024
•
MLS# AR24172997 —
The Building
-
Year Built:1948
-
Year Built Source:Public Records
-
New Construction:No
-
Entry Level:1
-
Common Walls:No Common Walls
-
Building Area Total:3840.00
-
Building Area Units:Square Feet
-
# of Buildings:2
-
Total Number Of Units:5
-
Stories Total:2
-
# of Separate Gas Meters:5
-
# of Separate Water Meters:1
-
# of Separate Electric Meters:6
Interior
-
Levels:Two
-
Entry Location:1
-
Laundry:Dryer Included, In Kitchen, Washer Included
-
Laundry:1
Location
-
Directions:North of Main Street, West of Atlantic Boulevard
-
Latitude:34.09238600
-
Longitude:-118.13923100
The Property
-
Property Type:Residential Income
-
Subtype:Apartment
-
Zoning:ALP*
-
Lot Features:Rectangular Lot
-
Lot Size Area:7621.0000
-
Lot Size Acres:0.1750
-
Lot Size SqFt:7621.00
-
Lot Size Source:Seller
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Block:D
-
Tax Census Tract:4803.03
-
Tax Lot:9
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5338012007
-
Showings Begin:2024-08-26
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
The Community
-
Senior Community:No
-
Features:Sidewalks
-
Pool:None
-
Private Pool:No
Parking
-
Parking Spaces:5.00
-
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% |
