Description
Drive-by ONLY. Do not walk on the property. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a unique multifamily investment located at 29 N Hidalgo Ave, Alhambra, California.The six (6) unit property consists of 5 1 bedroom/1bathroom and 1 2bedroom/1 bathroom. Collectively combined the six units comprises 5,324 square feet of leasable space and is situated on a 8,028 square foot lot. Built in 1954, this six unit garners a stable cash flow and substantial value add investment opportunity for both entry level and seasoned investors. Current owner has just remodeled four of the six units with high end materials and two more units are going to be completely renovated for immediate value add. All the units are occupied by long term tenants.This multifamily investment opportunity is specially tailored for savvy investors for long term holding. Current rents for all units are catching up to market rates. All big size units (five 1 bedroom units) have potential for being upgraded to 2 bedroom floor plan, also installing individual interior laundry hookups for better privacy, convenience and significant rent upside.The property has many attractive attributes of which its location is most prevalent and the property being located in a non-rent control city. Centrally situated next to Garfield Avenue and right off Main St. The property is located in close proximity to the Interstate 10 Freeway, local food and dining, shopping, markets, and entertainment. Alhambras neighboring cities include Los Angeles, Monterey Park, San Gabriel, Rosemead, and Montebello. Recent revitalization of the general area has been sprawled by investors seeking to capitalize on the citys locational benefit of being adjacent to Los Angeles downtown and east areas.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Drive-by ONLY. Do not walk on the property. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a unique multifamily investment located at 29 N Hidalgo Ave, Alhambra, California.The six (6) unit property consists of 5 1 bedroom/1bathroom and 1 2bedroom/1 bathroom. Collectively combined the six units comprises 5,324 square feet of leasable space and is situated on a 8,028 square foot lot. Built in 1954, this six unit garners a stable cash flow and substantial value add investment opportunity for both entry level and seasoned investors. Current owner has just remodeled four of the six units with high end materials and two more units are going to be completely renovated for immediate value add. All the units are occupied by long term tenants.This multifamily investment opportunity is specially tailored for savvy investors for long term holding. Current rents for all units are catching up to market rates. All big size units (five 1 bedroom units) have potential for being upgraded to 2 bedroom floor plan, also installing individual interior laundry hookups for better privacy, convenience and significant rent upside.The property has many attractive attributes of which its location is most prevalent and the property being located in a non-rent control city. Centrally situated next to Garfield Avenue and right off Main St. The property is located in close proximity to the Interstate 10 Freeway, local food and dining, shopping, markets, and entertainment. Alhambras neighboring cities include Los Angeles, Monterey Park, San Gabriel, Rosemead, and Montebello. Recent revitalization of the general area has been sprawled by investors seeking to capitalize on the citys locational benefit of being adjacent to Los Angeles downtown and east areas.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T10:26:47.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.