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1715 S 5th St
Alhambra, CA 91803
LE CHATEAU - 14-units Value Add in Alhambra · Multifamily Property For Sale
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14 Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 13,303 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | ALRPD* | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 13,303 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | ALRPD* |
ABOUT 1715 S 5TH ST , ALHAMBRA, CA 91803
The Growth Investment Group is proud to offer LE CHATEAU – 1715 S 5th St., an attractive 14-unit NON-rent-control value-add apartment community located in the desirable City of Alhambra, CA. The property is in a very desirable location just 2 blocks south of Valley Boulevard retail corridor and one block from Alhambra elementary school. Tenants are long-time tenants and rental income are significantly below market. This provides an excellent value-add opportunity for investors by adjusting rents to market. The property has very low vacancy history due to its convenient and strategic location. The property is a two-story well-maintained garden style apartment that was built in 1966. It has a large living area of 13,303 sqft (average ±950 sqft per unit) and situated on a 15,458 sqft lot. It has secured entrance and garage parking. It offers an entryway with central garden area complete with water fountain and lush landscaping. It offers an excellent unit mix of three (3) x 2bedroom+2bathroom, seven (7) x 2bedroom+1bathroom, three (3) x 1bedroom+1bathroom, and one (1) x studio units. The front unit is an oversized 2bedroom+2bathroom unit (estimated size: ±2,000 sqft) complete with hardwood floor, custom color paint, built-in cabinetry, floor-to-ceiling linen closets, walk-in closets, en-suite bathroom, fireplace, and private patio. Other units are large with good layout and plenty of storage cabinets, windows A/C, wall heating, tiled bathroom and kitchen. Four units have private balcony/patio area. Five units have been updated with new hardwood flooring. Parking is provided by a secured garage parking with 20 spaces (2 are tandem) complete with storage cabinets for each space. Each unit is separately metered for electricity and gas. The property has master water heater.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 7 | - | - |
| 2+2 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 5357-014-014 | Improvements Assessment | $2,602,875 |
| Land Assessment | $2,132,608 | Total Assessment | $4,735,483 |
PROPERTY TAXES
