2101 Vine St - Apartments FOR SALE


Alhambra, CA 91801
$10,750,000 USD
818-943-2319
2101 Vine St, Alhambra, CA for Sale
$10,750,000 USD
Apartments - FOR SALE
1/37
null | 4.52% Cap Rate

2101 Vine St
Alhambra, CA 91801


OVERVIEW

The Sterman Multifamily Group of Marcus & Millichap is pleased to present 2101 Vine Street, a 27-unit apartment property located in the highly desirable City of Alhambra. Built in 1979, the property sits on an approximately 30,017 square foot lot with roughly 26,886 square feet of rentable space. The unit mix consists of five (5) one-bedroom/one-bath units, thirteen (13) two-bedroom/one-bath units, and nine (9) two-bedroom/1.75-bath units. The property features fifty-two (52) gated parking spaces, an elevator, on-site laundry facilities, central air conditioning and heat, and fourteen (14) extensively renovated units. 2101 Vine Street benefits from a highly walkable Alhambra location near a wide variety of shopping, dining, and everyday conveniences. The property is centrally located near Downtown Alhambra, South Pasadena, and Pasadena, with convenient access to the I-10 Freeway and Downtown Los Angeles, providing excellent connectivity to major employment centers throughout the region. The property presents an attractive value-add opportunity with continued rental upside and is not subject to local city rent control, operating solely under California AB 1482 regulations. With its strong unit mix comprised primarily of two-bedroom units, extensive renovations, and desirable location, 2101 Vine Street offers investors the opportunity to acquire a well-maintained asset in one of the San Gabriel Valley’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

27

PRICE/UNIT

$398,148

CAP RATE

4.52%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,017 SF

ZONING

ALRPD*

APN/PARCEL ID

5339-019-015,5339-019-016,5339-019-017

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-943-2319

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Michael StermanMarcus & MillichapMore Info
818-943-2319

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