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    1902 W Grand Avenue

    Alhambra, CA 91801
    • $1,488,000
    • STATUS: ACTIVE
    • ON SITE: 94 days
    • ID#: 302942962
    UPDATED: 57 min ago
    $1,488,000
    • 4
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    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 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-- propertys 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%.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/110938125
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    1902 W Grand Avenue Alhambra, CA 91801

    • Price: $1,488,000
    • Status: ACTIVE
    • Updated: 57 min ago
    • ID#: 302942962
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1917
    Built
    Neighborhood:
    Alhambra (91801)
    County:
    Los Angeles
    Area:
    Alhambra (91801)
    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 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-- propertys 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%.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 21592 Buildings 1 Gross Scheduled Income Actual 52560 Home Owners Fees 0.0 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 830.0 Unit2 Rent Actual 1350.0 Unit3 Rent Actual 1050.0 Unit4 Rent Actual 1150.0 Zoning Public Rec

    Listing provided courtesy of Realty One Group West. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128