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

7

Building size

3,290 sqft

Lot size

8,664 sqft

Year built

1949

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

0

MLS #

248834705

About this property

Can be Sold Together or Separate from 1706 S 2nd St, Alhambra (10 Units). Contiguous building. We are pleased to present the opportunity to acquire this 7 unit multifamily property located at 1712 S 2nd St in Alhambra, California. Built in 1949, the property consists of approximately 3,290 square feet situated on an 8,661-square-foot lot, featuring Two 2-Bed 1-Bath, Two 1-Bed 1-Bath, and Three Studio units. Located in the desirable San Gabriel Valley submarket of Los Angeles County, the property benefits from its proximity to established residential neighborhoods, retail amenities, and major employment centers. The property has 5 carports, plus street parking available. The property is home to approximately 53,381 residents with an average household income of $113,426. With approximately 62.6% of occupied housing units renter-occupied, the surrounding area demonstrates an established rental housing market. Residents benefit from convenient access to Valley Boulevard, Garfield Avenue, nearby schools, shopping, dining, and surrounding communities including Monterey Park, San Gabriel, and Pasadena. 1712 S 2nd St offers investors an opportunity to acquire an established multifamily asset in a supply-constrained Southern California market, supported by strong surrounding demographics, an established renter base, and a desirable San Gabriel Valley location.

Location

1712 S 2nd Street

Alhambra, Los Angeles, CA, 91801