Alhambra, CA 90801,312 N 3rd ST

$4,028,000

$3,998,000

0.8%
Est.Price: ?

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Est. payment /mo

0.43 Acres Lot


SOLD DATE : 11/14/2014

Key Details

Sold Price $4,028,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PV14192577

Sold Date 11/14/14

HOA Y/N No

Year Built 1986

Lot Size 0.429 Acres

Property Description

RARE FIND 14-UNITS OPPORTUNITY IN NORTH ALHAMBRA. SIDE-BY-SIDE 2 BUILDINGS BUILT IN 1986. LOCATED IN A VERY DESIRABLE AREA WITH HIGH RENTAL DEMANDS. #312 & #318 ARE SELLING TOGETHER FOR $3,998,000. 7 UNITS IN EACH BUILDING. #312 IS 7876 SQFT ON A 9347 SQFT LOT, WHICH HAS ONE 4 BD/2.75 BA & SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $9990. #318 IS 7876 SQFT ON A 9336 SQFT LOT, WHICH HAS ONE 4 BD/2.5 BA AND SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $10,060 INCLUDING LAUNDRY INCOME. CURRENT INCOME ARE BELOW MARKET VALUE. OWNER HAS NOT INCREASED RENTS FOR SEVERAL YEARS. MOST OF THE UNITS ARE ON MONTH-TO-MONTH. ALL UNITS HAVE 2-CAR GARAGES. VERY CONVENIENT LOACTION; CLOSE TO MANY RESTAURANTS, SHOPPING PLAZAS, GROCERY STORES, EDWARDS MOVIE THEATER, COSTCO & HOME DEPOT...ETC. A RARE FIND OPPORTUNITY FOR INVESTORS! ONLY $254 PER SQFT WITH ASKING PRICE!

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Fireplace No

Laundry Laundry Closet

Exterior

Total Parking Spaces 17

Building

Lot Description 11-15 Units/Acre

Water Public

Others

Tax ID 5337014019

Acceptable Financing Cash to Existing Loan

Listing Terms Cash to Existing Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jackie Wang-Dojiri • RE/MAX Estate Properties
Bought with Benjamin J. Hsiang • Remax Commercial and Investmen
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