1136 E Alhambra Ct - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,000,000 USD
323-719-4908
1136 E Alhambra Ct, Long Beach, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/3
null | 5.3% Cap Rate

1136 E Alhambra Ct
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Immediate value-add
  • up to $15,000 in grant funding
  • The freshly updated ground-floor unit will be delivered vacant!

OVERVIEW

Alhambra Court is a well-maintained fourplex featuring immediate value-add upside. Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as 3.5% down, which can be paired with an available $15,000 first time buyer grant

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,000,000

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alhambra Ct

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,790 SF

ZONING

LBR1N

APN/PARCEL ID

7268-017-011

ASK ABOUT THIS PROPERTY

Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

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Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

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