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232 N Alhambra Avenue, Monterey Park, CA 91755
$2,100,000
232 N Alhambra Avenue, Monterey Park, CA 91755View this property at 232 N Alhambra Avenue, Monterey Park, CA 91755
232 N Alhambra AvenueMonterey ParkCA91755
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Property Description
The Pacific Partners of Colliers International are pleased to present for sale this 6-Unit multi-family apartment building located at 232 N. Alhambra Ave., Monterey Park CA 91755. The property is 1 block north of Monterey Parks Garvey Avenue retail corridor, in a quiet residential neighborhood. It consists of one two-story building with front yard and parking/storage in the rear. The building totals 6,574 rentable square feet situated on an approximately 9,601 square foot rectangular lot. Originally built in 1963, this well-maintained multi-family asset has a unit mix of (one) 1-bedroom/1-bathroom, (three) 2-bedroom/1-bathroom, (one) 2-bedroom/2-bathroom, and (one) 3-bedroom/2-bathroom+Den. Rental rates at this property are approximately 25% below market rate. The property has the potential to achieve over 4.5% CAP rate with updated market rents in a desirable SoCal location. Amenities include front yard, on-site parking, and storage in the rear of the property. There is a laundry room on-site currently generating additional income. In addition, the building exterior and laundry room were recently painted with great curb appeal. This apartment is conveniently located within short walking distance to distinguished Mark Keppel High School and Monterey Vista Elementary, both scored 9 out of 10 on www.greatschools.org. The property is located near 10 freeway in a quiet residential neighborhood and adjacent to the multitude of residential amenities of nearby shopping centers and public services. Drive-by only, do not contact tenants. Make offer subject to inspection.
Full Property Details
Full Property Details for 232 N Alhambra Ave
General
- Sold For: $2,100,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 48536782
- Added to Site: 947 day(s) ago
Interior
- Appliances: Washer, Dryer
Parking
- Carports: Yes
- Total Spaces: 9
Location
- County: LOS ANGELES
- Driving Directions: North of Garvey Ave, Between Garfield Ave & New Ave
Structural Information
- # Buildings: 1
- Stories/Levels: 0
- Square Feet: 6,574
- Year Built: 1963
Lot Features
- Lot Size (Sq. Ft.): 9,602
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Property ID: 5258001047
Listed by Colliers International Greater Los Angel, Edward Pan
Sold by Qindan Zheng
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Schools
Schools serving 232 N Alhambra Ave
School District:Garvey Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
901 E Graves Ave, Monterey Park, CA 91755 | K-6 | 0.7 mi | |
2720 Jackson Ave, Rosemead, CA 91770 | 7-8 | 0.8 mi | |
501 E Hellman Ave, Alhambra, CA 91801 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 232 N Alhambra Ave
Date
Details
Price
Change
Source
12/02/2021
Sold
$2,100,000
—
MLS
10/07/2021
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
232 N Alhambra Avenue, Monterey Park, CA 91755 (MLS# 48536782) is a Multi-Family property that was sold at $2,100,000 on December 02, 2021. Want to learn more about 232 N Alhambra Avenue? Do you have questions about finding other Multi-Family real estate for sale in Monterey Park? You can browse all Monterey Park real estate or contact a Coldwell Banker agent to request more information.