3111 W Ramona Rd - Apartments FOR SALE


Alhambra, CA 91803
$3,700,000 USD
213-595-5726
3111 W Ramona Rd, Alhambra, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/11
null | 4.51% Cap Rate

3111 W Ramona Rd
Alhambra, CA 91803


HIGHLIGHTS

  • Long-term ownership since 1974 in desirable Alhambra Hills / Midwick Park Location
  • New electrical panels installed; new roof completed in 2021
  • 11 carports with ample surrounding street parking; on-site storage lockers
  • Partial copper plumbing upgrades
  • All double-pane windows
  • Adjacent to Cal State LA and minutes to Downtown Alhambra dining and retail

OVERVIEW

Owned since the 70s, this well-maintained 13-unit apartment property is located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

13

PRICE/UNIT

$284,615

CAP RATE

4.51%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,414 SF

ZONING

ALRPD*

APN/PARCEL ID

5352-013-007

ASK ABOUT THIS PROPERTY

Seth PolenLacy Real EstateMore Info
213-595-5726

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Seth PolenLacy Real EstateMore Info
213-595-5726

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