1010 S Atlantic BLVD, Alhambra, CA 91803
1010 S Atlantic BLVD, Alhambra, CA 91803
1010 S Atlantic BLVD, Alhambra, CA 91803
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$5,780,000
Est. payment /mo
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40 Beds
20 Baths
19,612 SqFt
Price Dropped by $220K

1010 S Atlantic BLVD Alhambra, CA 91803

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 19,612 sqft

Price per Sqft $294

MLS Listing ID 26649001

Bedrooms 40

HOA Y/N No

Year Built 1968

Lot Size 0.613 Acres

Property Description

RIA and Compass are pleased to offer for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 - 3Bed+1.5bath, 4 - 2Bed+1.5bath, 8 - 2Bed+1bath, 2 - 1Bed+1bath units and studio appealing to long-term tenants and supporting strong, stable occupancy. The classic courtyard design creates a welcoming, community-oriented feel with a fountain water feature and strong curb appeal. Solid in place rents offer an investor nearly a 5% cap on a well-maintained property. A major highlight of the property is the 37 on-site parking spaces and an enclosed 2-car garage that can used for storage or parking. Seismic retrofitting of the tuck under soft-story parking has been completed. The ample parking, combined with the efficient layout and strong unit mix, positions this asset as a compelling long-term hold or value-add investment. On-site laundry room and the community courtyard vibe add to the appeal for the residents.There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. Situated in a sought-after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. This is a rare opportunity to acquire a well-sized, professionally appealing multifamily asset in one of the San Gabriel Valley's most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD*

Interior

Fireplace No

Exterior

Parking Features Covered, Driveway, Side By Side

Total Parking Spaces 37

Building

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5350014031

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652

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1010 S Atlantic BLVD

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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