128 N Alhambra Avenue

    Monterey Park, CA 91755
    • $2,288,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • ID#: AR18196264
    Under Contract
    UPDATED: 54 min ago
    $2,288,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,956
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    Opportunity of a lifetime, this beautiful income property built in 1977 was completely renovated in 2016. Prime location in Monterey Park, close to markets, high school, restaurants and shops. Well maintained five units two story apartment features one 3 bedroom/2 bath, 2 tandem parking spaces, four units 2 bedrooms/1 bath, 1 tandem parking space or 2 parking spaces plus 1 guest parking. Unit A has individual washer/dryer hookup and carpet in the bedrooms. All units have newer central A/C and units D, C, and E have newer plumbing. There is another separate common laundry area by the patio for the other units. Excellent curb appeal and spacious layout with large square footage. Each unit has central A/C, tiled and laminate wood flooring throughout, granite kitchen countertops, newer kitchen cabinetry, newer recessed lighting, lighting fixtures and dual pane windows throughout. This property has all the desirable features for any investor to acquire and maximize it's income potential. There is low maintenance, no rent control and it is an excellent rental property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T20:31:44.31. 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.
    www.kimmeeker.com/homes/86518704

    128 N Alhambra Avenue Monterey Park, CA 91755

    • Price: $2,288,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: AR18196264
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    5,956
    SQFT
    $384
    $/SQFT
    1977
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    Opportunity of a lifetime, this beautiful income property built in 1977 was completely renovated in 2016. Prime location in Monterey Park, close to markets, high school, restaurants and shops. Well maintained five units two story apartment features one 3 bedroom/2 bath, 2 tandem parking spaces, four units 2 bedrooms/1 bath, 1 tandem parking space or 2 parking spaces plus 1 guest parking. Unit A has individual washer/dryer hookup and carpet in the bedrooms. All units have newer central A/C and units D, C, and E have newer plumbing. There is another separate common laundry area by the patio for the other units. Excellent curb appeal and spacious layout with large square footage. Each unit has central A/C, tiled and laminate wood flooring throughout, granite kitchen countertops, newer kitchen cabinetry, newer recessed lighting, lighting fixtures and dual pane windows throughout. This property has all the desirable features for any investor to acquire and maximize it's income potential. There is low maintenance, no rent control and it is an excellent rental property.
    Exterior Features

    Carport Spaces 3.00 Construction Materials Stucco Fence YN Yes Fencing BlockChain Link Garage Spaces 0.00 Lot Features Lot 6500-9999 Lot Size Dimensions 50X188 Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGuestUncovered Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionRolled/Hot Mop Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DishwasherGas StoveMicrowaveRange/Stove Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring LaminateTile Heating Central FurnaceForced Air Heating YN Yes Interior Features Granite CountersTile Counters Laundry Features AreaGas Dryer HookupIn KitchenWasher Hookup Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.31 Community Features Curbs Country Us Electric Expense 729.00 Elevation Units Feet Fuel Expense 1683.00 Gardener Expense 840.00 Gross Income 105905.00 Gross Multiplier 21.60 Gross Operating Income 100625.00 Gross Scheduled Income 105905.00 Have 5 Units Insurance Expense 3266.00 Land Lease YN No Laundry Income 305.00 Laundry YN Yes Licenses Expense 71.00 Maintenance Expense 1082.00 Net Operating Income 52893.00 New Taxes Expense 28600.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 47732.00 Professional Management Expense 4800.00 Property Condition Updated/Remodeled Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Special Listing Conditions Standard Supplies Expense 743.00 Tenant Pays ElectricityGas Total Actual Rent 8800.00 Total Expenses 47732.00 Trash Expense 1118.00 Vacancy Allowance 5280 Vacancy Allowance Rate 5.00 Water Sewer Expense 4800.00 Water Source Public Year Built Source Assessor Zoning Mpr3*

    Listing provided courtesy of Amy Wang of Coldwell Banker George Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T20:31:44.31. 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.
     
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