201 S Meridian Ave - Apartments FOR SALE


Alhambra, CA 91801
$1,050,000 USD
310-351-0481
201 S Meridian Ave, Alhambra, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

201 S Meridian Ave
Alhambra, CA 91801


HIGHLIGHTS

  • Meticulously Maintained | New Roof 2023 | Repipe 2024 | New Paint 2020
  • Desirable Unit Mix | All 2+1
  • Individually Metered | 3 Garage Spaces
  • Close To Costco, La Fitness, Target, Downtown Alhambra
  • Generational Trophy - First Time On The Market In 30+ Years

OVERVIEW

**Contact Listing Agent, Nick Hayner 310.994.9158 | Nick@maywoodpropertygroup.com** 201–203 S. Meridian Ave offers a rare opportunity to acquire a well-maintained duplex in the heart of Alhambra, available for the first time in over 30 years. This pride-of-ownership property has been carefully preserved, making it an excellent option for investors seeking stable income with future upside. The asset features two spacious 2-bedroom, 1-bathroom units, each approximately 1,000square feet. Both units offer functional layouts with comfortable living areas and ample natural light. They are separately metered for gas and electricity, allowing for efficient expense management and reduced landlord overhead. Situated on a 6,222 square foot lot with R-2 zoning, the property includes garage parking, adding convenience and tenant appeal. The zoning may also present potential for future development or expansion (buyer to verify). Centrally located, the property is just minutes from major retail destinations like Costco and Target, as well as the dining and shopping options in Downtown Alhambra. The location supports strong rental demand due to its accessibility and neighborhood amenities. With current rents below market levels, there is clear upside potential for increased income over time. This makes 201–203 S. Meridian Ave a solid investment opportunity combining reliable tenancy, a desirable location, and room for growth.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

2

PRICE/UNIT

$525,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,263 SF

ZONING

ALRPD

APN/PARCEL ID

5292-009-006

ASK ABOUT THIS PROPERTY

Marc BretterMaywood Property GroupMore Info
310-351-0481

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Marc BretterMaywood Property GroupMore Info
310-351-0481

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