1616 Cherry Ln - Multi-Family FOR SALE
Alhambra, CA 91803 |
1616 Cherry Ln
Alhambra, CA 91803
HIGHLIGHTS
- Positioned in a core San Gabriel Valley submarket of Alhambra, just a short walk (less than a half-mile) from numerous retail amenities
- Attractive Price Per Unit - An attractive going-in cost basis at only $275,000 per unit
- Ideal Unit Mix - The unit mix consists of three, 1-bedroom/1-bathroom units, all of which are single-story and ground-level
- On-Site Parking - On-site parking is available via one 2-car garage and one single-car garage
- Extensive Capital Improvements - The property features extensive recent capital improvements, including brand new kitchen cabinetry and countertops
- Significant Rental Upside - There is significant rental upside, with market rents exceeding double the current rental income
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
1616 Cherry Lane, Alhambra
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
TOTAL BUILDING SIZE
1536
STORIES
1
YEAR BUILT
1925
PARKING SPACES
3
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5350-029-003
