1010 S Atlantic Blvd - Apartments FOR SALE


Alhambra, CA 91803
$6,000,000 USD
626-487-4300
1010 S Atlantic Blvd, Alhambra, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/12
null | 4.85% Cap Rate

1010 S Atlantic Blvd
Alhambra, CA 91803


HIGHLIGHTS

  • STRONG ALHAMBRA RENTAL LOCATION
  • COURTYARD STYLE PROPERTY WITH EXCELLENT UNIT MIX
  • SOFT-STORY RETROFIT COMPLETED
  • WELL MAINTAINED PROPERTY

OVERVIEW

RIA and Compass are pleased to offered for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra just north of Valley Blvd. The property features spacious units with a desirable mix of 5 - 3Bed+1.5bath, 4 - 2Bed+1.5bath, 8 - 2Bed+1bath, 2 - 1Bed+1bath and studio units appealing to long-term tenants and supporting strong, stable occupancy. The classic courtyard design creates a welcoming, community-oriented feel with a fountain water feature and strong curb appeal. Solid in place rents offer an investor nearly a 5% cap on a well maintained property. A major highlight of the property is the 37 on-site parking spaces and an enclosed 2-car garage that can used for storage or parking. Seismic retrofitting of the tuck under soft-story parking has been completed. The ample parking, combined with the efficient layout and strong unit mix, positions this asset as a compelling long-term hold or value-add investment. On-site laundry room and the community courtyard vibe add to the appeal for the residents. There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. Situated in a sought-after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. This is a rare opportunity to acquire a well-sized, professionally appealing multifamily asset in one of the San Gabriel Valley’s most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

20

PRICE/UNIT

$300,000

CAP RATE

4.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

ALRPD*

APN/PARCEL ID

5350-014-031

ASK ABOUT THIS PROPERTY

Alexander MetaxasRealty Investment AdvisorsMore Info
626-487-4300

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Alexander MetaxasRealty Investment AdvisorsMore Info
626-487-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.