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Listed by HORIZON HOM • HORIZON REAL ESTATE SERVICES
$ 2,980,000
Est. payment | /mo
7,943 Sqft Lot
$ 2,980,000
Est. payment | /mo
7,943 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS25064082
Originating Board California Regional MLS
Year Built 1970
Lot Size 7,943 Sqft
Property Description
Located in high-demand North Alhambra, this exceptional fully updated 5-unit multifamily + bonus studio with laundry room is currently generating $24,000/month in Airbnb income with $204,000/year net income after expenses-offering a solid 6.85% CAP rate. Two 3+2ba, One 2+Den + 1Ba, Two 1+1, One Bonus Studio w/ Bathroom (non-conforming; storage or staff use). Gated entry with 9 On-Site Parking Spaces (7 covered carports and 2 oversize uncovered spaces). No existing lease contracts - new owner can set market rents. L.A. City Rent control exempt making it a secure investment in an evolving market. Sold fully furnished with stylish, updated interiors. Airbnb listings included - turnkey transition for investor. Positive cash flow from Day 1. A rare find just minutes from South Pasadena, San Marino, and Downtown LA, the property is conveniently walking distance to Main Street & easy transportation, IMAX Theater, 99 Ranch Market, Sprouts Farmers Market, and sits across from Story Park, tennis courts, and Alhambra High School. Positioned for strong income growth with 2026 FIFA World Cup and 2028 Olympics. Great for User & Investor.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry Community Facility
Exterior
Garage Spaces 9.0
Pool None
Others
Tax ID 5337004017
Special Listing Condition Not Applicable
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