22 N Electric Avenue, Alhambra, CA 91801

  • $2,600,000
  • $677
22 N Electric Avenue, Alhambra, CA 91801
For Sale
22 N Electric Avenue, Alhambra, CA 91801
  • $2,600,000
  • $677

Overview

Property ID: SGR-33815896
  • Residential Income
  • Property Type
  • 5.00
  • Garages
  • 1948
  • Year Built

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 22 N Electric Avenue
  • City Alhambra
  • State/county CA
  • Zip/Postal Code 91801
  • Area 601 - Alhambra
  • Country United States

Details

Updated on September 10, 2024 at 3:54 am
  • Property ID: SGR-33815896
  • Price: $2,600,000
  • Land Area: 7621.00 m²
  • Garages: 5.00
  • Year Built: 1948
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 3840.00
  • MLS#: AR24172997
  • Office Name: UNIVERSAL ELITE REALTY
  • Agent Name: Fay Xu
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01947800
  • IDX Contact Info: Realtorfay@hotmail.com

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 5.00
  • Water Source: Public

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