1620 Larch St - Apartments FOR SALE


Alhambra, CA 91801
$11,300,000 USD
213-631-8788
1620 Larch St, Alhambra, CA for Sale
$11,300,000 USD
Apartments - FOR SALE
1/29
null | 4.85% Cap Rate

1620 Larch St
Alhambra, CA 91801


HIGHLIGHTS

  • NO LOCAL RENT CONTROL
  • RARE SCALE AT AN ATTRACTIVE BASIS
  • A MARKET HEADING IN THE RIGHT DIRECTION
  • BUILT-IN UPSIDE, NO CAPITAL REQUIRED
  • A LOCATION THAT TENANTS CHOOSE AND STAY

OVERVIEW

CBRE is pleased to exclusively present 221 N Bushnell Avenue & 1620 Larch Street, a rare opportunity to acquire a 40-unit, campus-format multifamily property in the heart of central Alhambra. Spanning four two-story, garden-style buildings on a contiguous 1.27-acre site, the property delivers the kind of established residential character and operational scale that is rarely available in today’s San Gabriel Valley market.

FOR SALE DETAILS

PRICE

$11,300,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

40

PRICE/UNIT

$282,500

CAP RATE

4.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

221 N Bushnell Ave & 1620 Larch St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,693 SF

ZONING

Residential High Density

APN/PARCEL ID

5338-003-011,5338-003-012

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

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