22 N Electric Avenue, Alhambra, CA 91801
- $2,600,000
- $677
- $2,600,000
- $677
Description
We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market. This property offers unparalleled flexibility in a high-demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you’re looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
Address
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Address: 22 N Electric Avenue
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City: Alhambra
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State/county: CA
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Zip/Postal Code: 91801
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Area: 601 - Alhambra
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Country: United States
Details
Updated on September 10, 2024 at 3:54 am-
Property ID SGR-33815896
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Price $2,600,000
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Land Area 7621.00 m²
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Garages 5.00
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Year Built 1948
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Property Type Residential Income
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Property Status For Sale
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Living Area 3840.00
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MLS# AR24172997
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Office Name UNIVERSAL ELITE REALTY
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Agent Name Fay Xu
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01947800
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IDX Contact Info Realtorfay@hotmail.com
Additional details
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Sewer Public Sewer
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County Los Angeles
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Property SubType Apartment
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Parking 5.00
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Water Source Public
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