Monterey Park, CA 91755,116 N Alhambra AVE

$1,100,000

Est. payment /mo

$1,211,888

9.2%
Est.Price: ?

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116 N Alhambra AVE Monterey Park, CA 91755

9,408 Sqft Lot

SOLD DATE : 02/05/2016

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS15258489

Sold Date 02/05/16

HOA Y/N No

Year Built 1966

Lot Size 9,408 Sqft

Property Description

This pride of ownership 4 unit apartment complex encompasses 2 attractive 2-story buildings. Included in this charming complex are landscaped grounds, gated carport parking and laundry room on a lot of approximately 9400 square feet. The inside square footage of the property is 3,883 square feet. Popular restaurants and stores are less than one block away. The units are well-maintained and easy to rent. A vacant unit is typically rented in 1 or 2 days. This gated community, both front and back, has long-term tenants and an on-site manager. There is lots of space to grow vegetables and fruit trees. The units are separately metered for electricity and gas and have individual water heaters and patios. Underground sewage and plumbing were upgraded in September, 2015. All units have granite counter tops. All bathrooms are fully remodeled. There are tile floors in the kitchens and bathrooms. The units have over-sized living rooms and large bedrooms. Rent for Units A, B and D are below market and can be increased. See the Pro Forma numbers. The adjacent property, 118 North Alhambra Avenue, is a mirror property. Combine 116 North Alhambra Avenue with 118 North Alhambra Avenue and a 6-unit Planned Unit Development is allowed. Verify this with the city.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 4

Pool None

Community Features Sidewalks, Urban

Utilities Available Sewer Connected

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Lawn, Landscaped, Sprinkler System, Trees

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 5258001037

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Contract,Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by RICHARD THIBAULT • OMEGA INV. CAPITAL
Bought with Sally Wu • Marvin Quon Realty

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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