Address
1902 W Grand Avenue Alhambra, CA
Price
$ 1,488,000
Property Attributes
- MLS#CV20208889
- TypeIncome
- CountyLOS ANGELES
- CityAlhambra
- AreaAlhambra
- Zip91801
- Style
- Price$ 1,488,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8,738 SqFt
Listing Provided Courtesy Of:
SEAN HWANGBO with REALTY ONE GROUP WEST.
Property Description
We are pleased to exclusively present Grand Avenue Apartments located in the supply constrained City of Alhambra, California. South Pasadena/San Marino adjacent, 1902 W. Grand Avenue is a true value-add, two-story 4-unit multifamily property constructed in 1917 on a large 8,740 square foot lot. Offered for the first time in 33 years, this value-add property offers tenants three, oversized studios & one- one-bedroom unit and is well-parked with 4 carport parking spaces with side alley access. 1902 W. Grand Avenue is separately metered for electricity and is serviced by a central water heater. Located next to Alhambra Park-- property’s irreplaceable location coupled with nearby amenities have kept longer term tenants with some occupying the units for over 20 years. 1902 W. Grand Avenue presents the investor an opportunity to acquire a significant value add opportunity through renovation with rental upside potential of 50.9%.
| Price History | |
|---|---|
| 10/12/2020 | Listed $1,488,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Carport Spaces | 4.00 |
| Community Features | Park, Sidewalks, Street Lights, Suburban |
| Directions | East of Alhambra Park. W Grand Ave & N Raymond Ave |
| Garage Spaces | 0.00 |
| HOA Fee | 0.00 |
| Listagentaor | Citrus Valley |
| Listing Agent | SEAN HWANGBO - BRE#01945497 |
| Listing Agent State License | 01945497 |
| MLS Area | 601 - Alhambra |
| Number of Units Leased | 4 |
| Parking Features | Detached Carport |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Sewer | Public Sewer |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 4 |
| Zoning | ALR1YY |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Common Walls | 2+ Common Walls |
| Laundry Features | None |
| Studio Area Unit Type | Square Feet |
Exterior Features
| Building Area Total | 0.00 |
|---|---|
| Lot Features | Lot 6500-9999 |
| Lot Size Acres | 0.2006 |
| Lot Size Area | 8740.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 8740.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 1 |
| Number of Separate Water Meters | 1 |
| Parking Y/N | Yes |
| Total Parking | 8.00 |
| Uncovered Spaces | 4.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 91801
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 21, 2021 3:18 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
