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5231 Alhambra Ave
Los Angeles, CA 90032
Reduced 100k! Non Rent Control 5-Units 6% CAP · Multifamily Property For Sale
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5 Units
Investment Highlights
- Newer Built 5-Unit Building in El Sereno Not subject to LA City Rent Control
- Excellent Unit Mix of All Large 2 Bedroom 1 Bathroom Units
- Built in 1989 and fully renovated in 2022 allowing for 10%annual increases (5% + CPI)
- Incredible Current Cap Rate of 6% and 12.4 GRM with upside to 6.8% Cap Rate and 11.1 GRM on the Proforma
- Individually metered for Gas & Electricity. Minutes away from Pasadena & DTLA.
Property Facts
| No. Units | 5 | Building Size | 3,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1989/2023 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | C2, Los Angeles - Commercial mixed use | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2023 |
| Parking Ratio | 2/1,000 SF |
| Zoning | C2, Los Angeles - Commercial mixed use |
Amenities
Unit Amenities
- Granite Countertops
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,138 | 700 |
Property Taxes
| Parcel Number | 5217-020-033 | Improvements Assessment | $520,200 |
| Land Assessment | $1,217,268 | Total Assessment | $1,737,468 |
Property Taxes
Parcel Number
5217-020-033
Land Assessment
$1,217,268
Improvements Assessment
$520,200
Total Assessment
$1,737,468
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