201 N Atlantic Blvd - Apartments FOR SALE


Alhambra, CA 91801
$2,900,000 USD
949-292-1323
201 N Atlantic Blvd, Alhambra, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/6
null | 3.75% Cap Rate

201 N Atlantic Blvd
Alhambra, CA 91801


HIGHLIGHTS

  • 7 Unit Craftsman - Individual separate Cottage units
  • Stable Income property in high demand area
  • Situated on an expansive 16,000 SQFT lot, offering future redevelopment potential
  • Potential for Mills Act Tax Reduction and accelerated Permitting through City of Alhambra

OVERVIEW

7-Unit Craftsman - Individual separate Cottage units in a garden style Community on 16,000 SF Lot – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is 100% occupied, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Buyer to verify). Situated on an expansive level lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (buyer to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

7

PRICE/UNIT

$414,286

CAP RATE

3.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

201 N Atlantic Blvd Cottages

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,100 SF

ZONING

-

APN/PARCEL ID

5338-022-013

ASK ABOUT THIS PROPERTY

Stephen ShlossRegency Real Estate Brokers, Inc.More Info
949-292-1323

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Stephen ShlossRegency Real Estate Brokers, Inc.More Info
949-292-1323

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