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103 N 5th St
Alhambra, CA 91801
Whispering Falls · Multifamily Property For Sale
·
15 Units
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 12,676 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Zoning | ALRPD* | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 12,676 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | ALRPD* |
ABOUT 103 N 5TH ST , ALHAMBRA, CA 91801
Bridge Investment Group is proud to present Whispering Falls. Located in one of the most highly sought-after location 1/2 block from Main Street in Alhambra. At Whispering Falls, the pedestrian shopping corridor entry leads into a beautifully manicured courtyard. Within this serene space is a 15-unit apartment built in 1961 consisting of five 1 bedroom/1 bathroom, nine 2 bedroom/1 bathroom, and one 3 bedroom/1.5 bathroom totaling 12,676 square feet sitting on a lot size of 15,270 square feet. The foundation is concrete slab and the roof is pitched composition shingle. The owner has made some capital improvements over the years including upgrading the plumbing to copper piping. Each unit is individually metered for gas and electricity and comes with their own tuck under parking space and wall air conditioning unit. There are two 100-gallon hot water heaters that were changed out three years ago as well as laundry on site for the tenants: two washers and one dryer on lease. The owner has not been aggressively pushing the rents and most of the tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $778.00 | 660 |
| 2+1 | 9 | $1,000 | 860 |
| 3+2 | 1 | $1,900 | 1,000 |
PROPERTY TAXES
| Parcel Number | 5338-032-015 | Improvements Assessment | $1,479,176 |
| Land Assessment | $3,413,486 | Total Assessment | $4,892,662 |
PROPERTY TAXES
