1342 Edgewood Dr - Apartments FOR SALE


Alhambra, CA 91803
$1,799,000 USD
626-429-7361
1342 Edgewood Dr, Alhambra, CA for Sale
$1,799,000 USD
Apartments - FOR SALE
1/12
null | 3.34% Cap Rate

1342 Edgewood Dr
Alhambra, CA 91803


HIGHLIGHTS

  • Covered Parking
  • Laundry Room
  • High Demand Area

OVERVIEW

Prime 5-Unit Investment Opportunity in the Heart of Alhambra. 4 units are 2 bed/2ba and one unit is 1 bed/1 bath. An exceptional opportunity for the savvy investor this 5-unit income property is ideally located north of the 10 freeway in one of Alhambras most desirable and stable rental markets.Positioned in a high-demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Positioned in a fabulous neighborhood and seton a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. Each unit enjoys on-site parking space, a valuable amenity for tenants in this area. The property also features an **on-site laundry room** with owner-operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra property presents a rare opportunity to acquire a turnkey asset with long-term upside.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,800

CAP RATE

3.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,463 SF

ZONING

ALRPD*

APN/PARCEL ID

5355-004-011

ASK ABOUT THIS PROPERTY

Stacy DoverMystic Canyon Real EstateMore Info
626-429-7361

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Stacy DoverMystic Canyon Real EstateMore Info
626-429-7361

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