Alhambra, CA 91801,2016 S Meridian AVE

$1,725,000

$1,888,000

8.6%
Est.Price: ?

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Est. payment /mo

9,321 Sqft Lot


SOLD DATE : 04/28/2016

Key Details

Sold Price $1,725,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV15254937

Sold Date 04/28/16

HOA Y/N No

Year Built 1931

Lot Size 9,321 Sqft

Property Description

Highlights:

Property was reconditioned after the current owner purchased in 2003.

*New Roof
*Upgrade of Water Lines
*New Electrical Including Boxes
*Upgraded Flooring in All Units
*New Windows
*Sand Blasted and New Stucco

The subject property is down the street from Califorina State University, Los Angeles, and within walking distance from Fremont Elementary School, and several business and retail companies.

The subject property is a two story, six-unit, multi-family building constructed in 1931 on a 9,336 square foot lot. The units are spacious and bright, individually metered for gas and electricity, and have their own water heaters. The property has been very carefully maintained making it easy to manage. New roof, stucco, electrical and plumbing in 2003-2005.

This investment is a rare opportunity within a residential setting offered as a long-term investment to a savvy investor that wishes to increase their holdings in an established, high-demand community servicing the greater Los Angeles area with an property in excellent condition.

DO NOT CONTACT TENANTS. DRIVE BY ONLY. INSPECTION BY APPOINTMENT ONLY AFTER ACCEPTED OFFER.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Fireplace No

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 7

Private Pool No

Building

Lot Description Corner Lot, Front Yard, Level

Water Public

Others

Tax ID 5352023009

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by MARK SANFILIPPO • MARCUS & MILLICHAP
Bought with DUKE TRINH • LA VINCI INV. & FINANCIAL
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