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902 N Garfield Ave
Alhambra, CA 91801
5-unit Townhouse Style built in 1987 · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Townhouse style apartment built in 1987 with all amenities and features of newer built properties
- Core north Alhambra location adjacent to South Pasadena and San Marino (considered the best part of Alhambra)
- Each unit has central A/C, copper plumbing, fire sprinkler system, and much more! separately metered for electricity and gas; individual water heater
- First time offered for sale by the original developer! NON-Rent-control, Value-Add opportunity
- Five blocks from downtown Alhambra (Garfield and Main)- Amenities nearby: Edwards Alhambra Renaissance 14 & IMAX, Burlington Coat Factory, 38 Degree
- Total of 10 parking spaces with attached two car garages for each unit
PROPERTY FACTS
| No. Units | 5 | Building Size | 6,203 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | ALRPD* | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,203 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | ALRPD* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Sprinkler System
- Carpet
ABOUT 902 N GARFIELD AVE , ALHAMBRA, CA 91801
The Growth Investment Group is proud to offer 902 N Garfield, an extremely well maintained 5-unit townhouse style apartment building located in the highly desirable city of Alhambra, California. This core north Alhambra location are considered by many investors as one of the best locations to own income property in Alhambra. Its superb location is bordered by San Marino on its east, and South Pasadena on its west. It is five blocks from downtown Alhambra on Garfield Ave and Main St. This is the first time this property has been offered for sale by the original developer who built it in 1987. This unique income property has all the desirable features perfect for any value-add investor looking to acquire an apartment property and maximize its income potential. With an excellent location, Buyers can quickly add value and increase the income. The property was built in 1987 with ±6,203 SF living area on a ±7,189 SF lot. It offers superb unit mix of one x 5bedroom+2-1/2bathroom townhouse style, three x 3bedroom+2-1/2bathroom townhouse style, and one x studio units. It has a perfectly manicured landscaping that provides an excellent curb appeal. It has copper plumbing, central A/C, copper electrical wire, fire sprinklers in each unit and garage, and other newer construction amenities. Each unit boasts a spacious layout containing large square footage (average unit size is ±1240 SF – buyer to verify). Each unit has central A/C, fire sprinkler system, tiled and laminate wood flooring throughout, copper plumbing, individual water heater, and much more. Each unit (except studio unit) has laundry hookups. Each unit has an attached 2-car garage with sliding doors and remote openers (except the 5th garage). In every unit has a kitchen greenhouse window as a bonus that all the tenants enjoy. The property is separately metered for electricity and gas.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+2 | 1 | - | - |
| 3+2 | 3 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5322-013-043 | Improvements Assessment | $736,053 |
| Land Assessment | $1,710,242 | Total Assessment | $2,446,295 |
PROPERTY TAXES
