920 N 1st - Apartments FOR SALE


Alhambra, CA 91801
$4,800,000 USD
323-376-2469
920 N 1st, Alhambra, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/11
null | 5.06% Cap Rate

920 N 1st
Alhambra, CA 91801


HIGHLIGHTS

  • Highly Desirable Alhambra Location
  • Subject to State (AB 1482) Rent Control
  • Walking Distance to South Pasadena
  • Offered at a 5.06% CAP Rate
  • Turn-Key Property: Rents at Market Level

OVERVIEW

920 N. 1st Street is a 16-unit apartment complex in the highly sought after city of Alhambra. The property boasts a unit mix of ten (10) one-bedroom units and six (6) two-bedroom units. Each unit is separately metered for gas and electricity. The renovated units include laminate wood flooring, granite countertops and stainless-steel appliances. Offered at a 5.06% CAP rate, a new owner has the ability to add a property to the portfolio with rents close to market in a submarket that sees very little turnover.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

16

PRICE/UNIT

$300,000

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,705 SF

ZONING

RM

APN/PARCEL ID

5321-020-021

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

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