225 Palmetto Drive

    Alhambra, CA 91801
    • $4,500,000
    • STATUS: Active
    • ON SITE: 206 days
    • ID#: TR18097517
    UPDATED: 52 min ago
    $4,500,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,110
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. The property is located at 225 Palmetto Drive, Alhambra, one of the most desirable city in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 7 one-bedroom/ one-bath units, 7 two-bedroom/one-bath units, and 1 three-bedroom/ two-bedroom unit. This property offers upscale for investors to invest an asset with well-maintained condition. New remote gate for parking and new painting. Four units have been renovated.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T18:34:06.593. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/82992946

    225 Palmetto Drive Alhambra, CA 91801

    • Price: $4,500,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: TR18097517
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    11,110
    SQFT
    $405
    $/SQFT
    1963
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    We are pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. The property is located at 225 Palmetto Drive, Alhambra, one of the most desirable city in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 7 one-bedroom/ one-bath units, 7 two-bedroom/one-bath units, and 1 three-bedroom/ two-bedroom unit. This property offers upscale for investors to invest an asset with well-maintained condition. New remote gate for parking and new painting. Four units have been renovated.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Acres Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.01 Community Features Urban Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 1440.00 Gardener Expense 1200.00 Gross Income 277430.00 Gross Multiplier 15.87 Gross Operating Income 277430.00 Gross Scheduled Income 283536.00 Insurance Expense 3950.00 Land Lease YN No Land Value 1840750 Laundry Income 2400.00 Laundry YN Yes Maintenance Expense 9000.00 Net Operating Income 180477.00 New Construction YN No New Taxes Expense 57545.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 96953.00 Other Expense 3000.00 Other Expense Description Reserve Professional Management Expense 11097.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 96953.00 Trash Expense 0.00 Vacancy Allowance 8506 Vacancy Allowance Rate 3.00 Water Sewer Expense 6720.00 Water Source Public Year Built Source Assessor Zoning Alrpd*

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc. and Grady Liu of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T18:34:06.593. 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. Licensed in the State of California, USA.
     
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