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

Bedrooms

2

Building size

2,870 sqft

Lot size

9,245 sqft

Year built

1952

Stories

0

Status

Active

Days on market

7

MLS #

249248223

About this property

Income duplex in established Alhambra neighborhood, comprised of 1817 and 1819 Vine Street. Property is configured as two legal units per public record: 1817 (4BR/1.5BA) and 1819 (2BR/1BA). Both units have been refreshed with updated kitchens, updated baths, newer flooring, and fresh paint. Sale includes all furniture, decor, linens, kitchenware, and supplies -- fully turnkey for furnished rental operation from day one. Buyer to independently investigate and verify all permits, square footage, unit configuration, condition, and compliance with City of Alhambra requirements. Property has prior operating history as a furnished rental; operating statements available upon request with signed disclosure acknowledgment. Sold strictly AS-IS. Strong long-term rental market with proximity to schools, shopping, and transit. Significant development upside: March 2024 feasibility study by licensed architect supports up to 5 apartments + 2 ADUs (7 units total) by-right under RH zoning. Professional land survey and architectural feasibility package available to qualified buyers. State and local density laws have continued to evolve since study date.

Location

1817 Vine Street

Alhambra, Los Angeles, CA, 91801