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217 221 Atlantic Boulevard

Alhambra, CA 91801
  • $3,750,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: SR24023887
UPDATED: 232 min ago
$3,750,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Warren Berzack of Lee & Associates (818-986-9800)


Description

Atlantic Apartments is an immaculately remodeled 12-unit apartment community located in Alhambra, California. Set amid lush surroundings on a 15,000 square foot lot, the 6,604 square foot property offers one- and two-bedroom apartment homes. Built in 1928 and 1949 respectively, the property offers an excellent community that offers you a wide variety of nearby attractions.* 2019-2020 Renovations Completed* Turn Key Investment Opportunity* Safe Residential Neighborhood* Excellent Tenant Base* Highly Walkable Neighborhood

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147197773
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217 221 Atlantic Boulevard Alhambra, CA 91801

  • Price: $3,750,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 232 min ago
  • ID#: SR24023887
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1949
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Atlantic Apartments is an immaculately remodeled 12-unit apartment community located in Alhambra, California. Set amid lush surroundings on a 15,000 square foot lot, the 6,604 square foot property offers one- and two-bedroom apartment homes. Built in 1928 and 1949 respectively, the property offers an excellent community that offers you a wide variety of nearby attractions.* 2019-2020 Renovations Completed* Turn Key Investment Opportunity* Safe Residential Neighborhood* Excellent Tenant Base* Highly Walkable Neighborhood
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 1 Entry Location Street Lot Features Front Yard Number Of Separate Electric Meters 13 Open Parking Spaces 7 Parking Features Assigned Parking Total 15 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.86 Common Interest Community Apartment Community Features BikingCurbsGutter(s)Storm Drain(s)Street LightsSidewalksUrban Contingency Drive by Only. Fully Occupied. Electric Expense 2400 Fuel Expense 1200 Garage YN Yes Gross Income 269100 Gross Scheduled Income 269100 Insurance Expense 7200 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Maintenance Expense 6231 Net Operating Income 182394 New Construction YN No New Taxes Expense 46875 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Operating Expense 78633 Other Expense 1500 Pest Control Expense 900 Pool Expense 0 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays Cable TVElectricityGas Trash Expense 4000 Vacancy Allowance 8073 Water Sewer Expense 5186 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Warren Berzack of Lee & Associates (818-986-9800)