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1609 1605 S Atlantic Boulevard

Alhambra, CA 91803
  • $3,600,000
  • STATUS: Active
  • ON SITE: 312 Days
  • ID#: OC24025079
UPDATED: 55 min ago
$3,600,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Andrew Homs of H & M Realty Group (949-625-4533)


Description

Rare offering of two side-by-side lots with a combined 22,978 sq ft, featuring 8 units totaling 6,415 sq ft of living area. The properties are located in a prime location within the Residential High Density (RH) zone in the City of Alhambra, allowing for 43 units per acre, a maximum building height of 45 feet, and a maximum of 5 stories. There is also the possibility for ADUs and Junior ADUs (Buyer to Verify). Currently set up with a mix of units including a studio, 1-bed/1-bath duplexes, and two detached SFR homes"one is a 3-bed with a basement and fenced yard. All units have laundry hookups inside, except for the studio and the upstairs unit, which has a laundry room downstairs. On-site parking includes 5 single-car garages (standalone building with nothing above), a two-car garage (with a studio attached and a unit above), a carport, and a parking space off the alley. There is also an attached owner's unit/shed with a bathroom and separate access. Additionally, plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino, and San Gabriel, with easy freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown LA, Santa Anita, The Rose Bowl, retail shops, parks, Cal State LA, USC, UCLA, and more. Private property"do not enter without written permission.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T17:26:55.897. 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 CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/147261015
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1609 1605 S Atlantic Boulevard Alhambra, CA 91803

  • Price: $3,600,000
  • Status: Active
  • On Site: 312 Days
  • Updated: 55 min ago
  • ID#: OC24025079
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1947
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Rare offering of two side-by-side lots with a combined 22,978 sq ft, featuring 8 units totaling 6,415 sq ft of living area. The properties are located in a prime location within the Residential High Density (RH) zone in the City of Alhambra, allowing for 43 units per acre, a maximum building height of 45 feet, and a maximum of 5 stories. There is also the possibility for ADUs and Junior ADUs (Buyer to Verify). Currently set up with a mix of units including a studio, 1-bed/1-bath duplexes, and two detached SFR homes"one is a 3-bed with a basement and fenced yard. All units have laundry hookups inside, except for the studio and the upstairs unit, which has a laundry room downstairs. On-site parking includes 5 single-car garages (standalone building with nothing above), a two-car garage (with a studio attached and a unit above), a carport, and a parking space off the alley. There is also an attached owner's unit/shed with a bathroom and separate access. Additionally, plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino, and San Gabriel, with easy freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown LA, Santa Anita, The Rose Bowl, retail shops, parks, Cal State LA, USC, UCLA, and more. Private property"do not enter without written permission.
Exterior Features

Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location Front Lot Features Back YardFront YardLandscapedSprinkler SystemYard Number Of Separate Electric Meters 8 Open Parking Spaces 1 Parking Features CarportGarageOn Site Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(s)Sidewalks Contingency Buyer to cooperate with Seller's 1031 exchange at no cost to Buyer. Disclosures Familial RelationPrincipal is Real Estate Licensed Electric Expense 760.29 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 177336 Insurance Expense 2967 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 128460 New Construction YN No New Taxes Expense 37500 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 2 Number Of Units Leased 8 Operating Expense 48876 Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 14788 Trash Expense 2474 Water Sewer Expense 2785 Water Source Public Zoning ALRPD*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T17:26:55.897. 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 CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Andrew Homs of H & M Realty Group (949-625-4533)