22 N Electric Avenue,  Alhambra  (91801)

$2,600,000

0 bedrooms 0   0 bathrooms 0   3840 square feet 3,840
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Listed By: Fay Xu of Universal Elite Inc.

PROPERTY DETAILS

Address: view address
Alhambra, CA 91801
Map Location
Features: Multi-level
Square Feet:3,840 sq.ft.Lot Size:7621.0
Year Built:1948Property Type:Apartment
County:Los AngelesList Date:2024-08-25
Listing Number:AR24172997Listed By:Universal Elite Inc.
Listing Office:[email protected]Days on market:32

PROPERTY DESCRIPTION

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.

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Interior

Appliances

Appliances:Dryer, Washer

Features

Laundry Features:In KitchenLaundry:Yes

Exterior

Exterior and Lot

Lot features:Rectangular Lot

Pool and Spa

Pool Features:None

Parking

Garage spaces:5

Property and Lot Details

Features

Community Features:Sidewalks

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1948Levels:Two
Stories:2

Lot

Lot Dimensions:7621.0

Construction

Building Area total:3840.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Fay Xu of Universal Elite Inc.