Atlantic Blvd Blvd Alhambra, CA 91801

Property Details for Atlantic Blvd Blvd

Year built

1950

Lot size

0.30 lot acres

Property size

5,829 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents an eight-unit apartment complex nestled in the highly desirable North Alhambra neighborhood. Situated on a 0.3-acre lot, this elegant Spanish garden-style building boasts a total of 5,829 square feet. The property features a mix of unit sizes, including two two-bedroom, one-bathroom units and six one-bedroom, one-bathroom units. Many units offer the added convenience of private balconies or patios. Residents enjoy the security of eight gated carport spaces, one conveniently assigned per unit. On-site laundry facilities cater to the tenants' needs, and a dedicated storage room provides extra space. Currently, all eight units are leased, generating consistent rental income. The property's prime location in North Alhambra offers easy access to the vibrant Downtown Alhambra area, situated north of Main Street and south of Huntington Drive. This well-maintained building presents a strong return on investment with significant potential for future growth in a thriving rental market. The property's attractive features and desirable location make it an ideal acquisition for seasoned investors seeking a stable and profitable venture. The combination of a well-maintained structure, high occupancy rate, and prime location makes this an exceptional opportunity.