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1420 S 2nd St
Alhambra, CA 91801
Second Street Property · Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 5,796 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Zoning | ALP* | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,796 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | ALP* |
ABOUT 1420 S 2ND ST , ALHAMBRA, CA 91801
The 2nd Street Apartments is a 6-unit investment property in the desirable city of Alhambra, CA. The apartments have a preferable unit mix of (1) 2-story, 3-bedroom 1 & 1/2-bath unit, (4) 2-bedroom 1-bath units, and (1) 1-bedroom 1-bath unit. Each unit is very spacious and the property provides a shared laundry facility with plenty of parking. This investment property has been well maintained by the same owner for over 20 years and is located in non-rent controlled Los Angeles County. The 2nd Street Apartments are a 5% Cap Rate on market and have 25% upside in rents. Positioned to be a great value add property in a strong rental market less than one block from Valley Boulevard, one of the major throughfares in Alhambra.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,650 | 750 |
| 2+1 | 4 | $1,350 | 950 |
| 3+2 | 1 | $2,500 | 1,200 |
PROPERTY TAXES
| Parcel Number | 5357-009-009 | Improvements Assessment | $959,125 |
| Land Assessment | $1,173,480 | Total Assessment | $2,132,605 |
PROPERTY TAXES
