Courtesy of: SEAN HWANGBO 01945497 | REALTY ONE GROUP WEST
Purchase Type: Sale
MLS ID: CV20208889MR
Days On Market: 100
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 1902 W Grand AVE
County: Los Angeles
We are pleased to exclusively present Grand Avenue Apartments located in the supply constrained City of Alhambra, California. South Pasadena/San Marino adjacent, 1902 W. Grand Avenue is a true value-add, two-story 4-unit multifamily property constructed in 1917 on a large 8,740 square foot lot. Offered for the first time in 33 years, this value-add property offers tenants three, oversized studios & one- one-bedroom unit and is well-parked with 4 carport parking spaces with side alley access. 1902 W. Grand Avenue is separately metered for electricity and is serviced by a central water heater. Located next to Alhambra Park-- property’s irreplaceable location coupled with nearby amenities have kept longer term tenants with some occupying the units for over 20 years. 1902 W. Grand Avenue presents the investor an opportunity to acquire a significant value add opportunity through renovation with rental upside potential of 50.9%.
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