201 N Atlantic Blvd Cottages 201 N Atlantic Blvd 7 Unit Apartment Building $2,300,000 ($328,571/Unit) 4.73% Cap Rate Alhambra, CA 91801

Bring Offers. Huge Reprice, $600k reduction from $2.9mm - NOW offered at $2.3mm! Owner will consider ALL offers.
7-Unit Craftsman - Individual separate Cottage units in a garden style Community on 16,000 SF Lot – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is 100% occupied, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Buyer to verify). Situated on an expansive level lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (buyer to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.