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$ 2,500,000
Est. payment /mo
Price Dropped by $190K
1515 W Commonwealth Avenue Alhambra, CA 91803
3 Beds
2 Baths
7,168 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26030880
Bedrooms 3
Lot Size 7,168 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 1515 W Commonwealth Ave, Alhambra, CA 91803-1606
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5343006001
Acceptable Financing Cash
Listing Terms Cash
Listed by Donald La, DRE#01928418 EXP REALTY