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2121 El Paseo 8 Unit Apartment Building $3,280,000 ($410,000/Unit) 3.95% Cap Rate Alhambra, CA 91803
EXECUTIVE SUMMARY
Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio and/or a great 1031 Exchange.
PROPERTY FACTS
| Price | $3,280,000 | Building Class | C |
| Price Per Unit | $410,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 7,389 SF |
| Cap Rate | 3.95% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RPD, Alhambra - Planned Development | ||
| Price | $3,280,000 |
| Price Per Unit | $410,000 |
| Sale Type | Investment |
| Cap Rate | 3.95% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,389 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RPD, Alhambra - Planned Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Bay Window
- Oven
SITE AMENITIES
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 3+2 | 3 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 5352-025-024 | Improvements Assessment | $1,125,417 |
| Land Assessment | $884,255 | Total Assessment | $2,009,672 |
PROPERTY TAXES
Parcel Number
5352-025-024
Land Assessment
$884,255
Improvements Assessment
$1,125,417
Total Assessment
$2,009,672
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Presented by
Boulder Goup, Inc.
2121 El Paseo
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