$1,100,000
$1,211,888
9.2%For more information regarding the value of a property, please contact us for a free consultation.
116 N Alhambra AVE Monterey Park, CA 91755
3,883 SqFt
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,883 sqft
Price per Sqft $283
MLS Listing ID WS15258489
Sold Date 02/05/16
HOA Y/N No
Year Built 1966
Lot Size 9,408 Sqft
Acres 0.216
Property Description
This pride of ownership 4 unit apartment complex encompasses 2 attractive 2-story buildings. Included in this charming complex are landscaped grounds, gated carport parking and laundry room on a lot of approximately 9400 square feet. The inside square footage of the property is 3,883 square feet. Popular restaurants and stores are less than one block away. The units are well-maintained and easy to rent. A vacant unit is typically rented in 1 or 2 days. This gated community, both front and back, has long-term tenants and an on-site manager. There is lots of space to grow vegetables and fruit trees. The units are separately metered for electricity and gas and have individual water heaters and patios. Underground sewage and plumbing were upgraded in September, 2015. All units have granite counter tops. All bathrooms are fully remodeled. There are tile floors in the kitchens and bathrooms. The units have over-sized living rooms and large bedrooms. Rent for Units A, B and D are below market and can be increased. See the Pro Forma numbers. The adjacent property, 118 North Alhambra Avenue, is a mirror property. Combine 116 North Alhambra Avenue with 118 North Alhambra Avenue and a 6-unit Planned Unit Development is allowed. Verify this with the city.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Fireplace No
Laundry CommonArea
Exterior
Carport Spaces 4
Pool None
Community Features Sidewalks, Urban
Utilities Available SewerConnected
Total Parking Spaces 8
Private Pool No
Building
Lot Description Item25UnitsAcre, BackYard, Lawn, Landscaped, SprinklerSystem, Trees
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 5258001037
Acceptable Financing Cash, CashtoNewLoan, Conventional
Listing Terms Cash, CashtoNewLoan, Conventional
Financing Contract,SellerFinancing
Special Listing Condition Standard
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Bought with Sally Wu • Marvin Quon Realty