This is a one building, 12-unit apartment building that is being offered for sale for the first time in 47 years. Located in a prime location of Alhambra, just one block from Almansor Park, the Almansor golf course and the YMCA and just north of a single-family residential neighborhood. This provides for a very quiet and private lifestyle but yet all the local amenities can satisfy an active lifestyle. It is one reason why there are many long-term residents. The city of Alhambra is very vibrant and offers a great diversity of shopping, dining and housing. It is a favorite with international visitors. This building was designed for maximum privacy for all residents which has contributed to a very strong rental demand. The unit mix consists of 1 two-story, 3 bedroom and 1.5 bath front unit with attached one car garage and an additional covered carport. This can better accommodate an owner preferring to live on premises. In addition, there are 7-2 bedroom and 1 bath single level units with covered carport parking. Two units are on the ground floor with a very private walkway leading to their front doors. Two additional two bedroom units are on the second story but have their own private staircase leading to their entrances. Three more two bedroom units are one level located on the second story and their walkway only serves a total of five units. The lack of foot traffic adds to the privacy. Of the four remaining one bedroom units, two are located on the second story while the other two units are on the ground floor with their own private gated entrance, courtyard with landscaping. One of the ground floor one bedroom units only has one attached wall and that is to the carport parking. It is like a detached one bedroom unit. The superior design and unit mix: 1-3 bed, 7-2 bed, 3-1 bed has allowed for a great stable income and secures a continuing growing rental income. Four of the units have been very recently remodeled while six others have been upgraded over the past several years. A new 100 gallon main water heater was installed in 2022 and maintenance of this building is low. The laundry is a separate room with 2 washers and 2 dryers. There is one large storage room and an additional supply room as well. Dual pane windows have been installed throughout the entire building. A great city, popular amenities in walking distance, great building design and superior unit mix contribute to strong rental demand and tenant retention.

Listed By CRMLS_CA / Henry Nunez / Henry Nunez Real Estate / henry@hnrealestate.com

Last checked: Checking… • Last updated Jun 25, 2024 • Source: CRMLS_CA

MLS# AR23123537 — Report a problem