Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

5,699 sqft

Lot size

7,943 sqft

Year built

1970

Stories

2

Garage spaces

9

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

90

MLS #

243866828

About this property

Exceptional investment opportunity to own a fully updated five-unit income property with multiple value-add features and excellent cash-flow potential. In addition to the five residential units, the property includes a community laundry room providing additional income and a bonus studio with its own bathroom, currently used as storage but offering flexibility for a variety of uses. The unit mix consists of two spacious 3-bedroom, 2-bathroom units, each featuring a primary suite with its own private bathroom and walk-in closet, along with generously sized secondary bedrooms. A third unit offers 2 bedrooms plus a den that can easily serve as a third bedroom, along with one full bathroom. The remaining two units each feature 1 bedroom and 1 bathroom. All units have been tastefully updated and offer private laundry hookups, vinyl flooring, abundant natural light, granite countertops, remodeled kitchens and bathrooms, and individual wall heating and cooling units. The property also features a gated entrance and a total of nine parking spaces, providing convenience and privacy for residents. Centrally located near public transportation, parks, shopping centers, schools, and major freeways, this prime location offers easy access to Pasadena, San Marino, and Downtown Los Angeles. Whether you are a seasoned investor or looking to expand your portfolio, this turnkey property presents an outstanding opportunity to own a well-maintained asset in a highly desirable and convenient location with strong income potential.

Location

333 N Chapel Avenue

Alhambra, Los Angeles, CA, 91801