TOUR DATE IS FRIDAY, SEPTEMBER 21, 2018 AT 11:30 AM, SHARP. PLEASE BE ON TIME AS WE WILL BE VIEWING ALL UNITS AT THE SAME TIME. WE WILL NOT HAVE ANOTHER OPPORTUNITY TO GET INSIDE BEFORE OR AFTER. OFFERS DUE BY 9/24/2018 AT 5:00PM.
An absolute diamond, not quite in the rough. Sensational, custom built 7-unit building on a quiet, residential Alhambra street. First time offered in 46 years by just the second owner. The building is comprised of an “owner’s” unit featuring 3 large bedrooms, 1 ¾ baths, large kitchen with dining area and a wood burning fireplace. The other 6 units are as follows: One 2 bedroom, 1 ¾ bath unit similar to the owner’s unit but without the fireplace, two - 2 bedroom 1 ¾ bath very spacious units, one large 1-bedroom unit and 2 very large singles. All units (including the singles) have large kitchens with dining areas and central halls with an abundance of storage in each unit. This is a separately metered, all-electric building, with separate hot water heaters for each unit, radiant heating, wall A/C units and a laundry room for the tenants. There are 3 private storage rooms in the building for the owner’s use. Covered parking for 11-14 cars.
The owner occupies one unit and the remaining 6 are vacant and have been for years. This is a Trust Sale and all the units need cosmetic restoration. Once you see the floor plans and size of the size of the units you will realize the enormous rent potential of this beautiful building. Please don’t ask about expenses, as there is no history. Most of us can figure it out from experience. New tenants will be paying their own electricity and you may also want to pro-rate the water/sewer charges to the tenants allowing for very minimal operating expenses in the future.
This is a Trust Sale, being sold “as-is”. Short escrow, with no loan or appraisal contingencies is anticipated. The owner reserves the right to rent back the 1-bedroom unit at an agreed upon rate and term as part of the negotiation.
DON’T EVEN THINK ABOUT WALKING ONTO THE PROPERTY OR KNOCKING ON THE OWNER’S DOOR. AN OFFER FROM ANYONE DOING THIS WILL NOT BE CONSIDERED.
A TOUR DATE WILL BE PUBLISHED SHORTLY OR CALL THE LISTING AGENT FOR ALL DETAILS.
