22 N Electric Avenue

Alhambra, CA 91801

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,840 Sqft
  • 7621
    Sqft(Lot)
$2,480,000

Description

We are delighted to present an exceptional income property opportunity in the heart of alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. this fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for airbnb or long-term tenants, offering flexibility in a high-demand rental market. this property offers unparalleled flexibility in a high-demand rental market. strategically located just 15 minutes from downtown los angeles, it presents a unique high-growth investment opportunity. the sale includes the existing airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 fifa world cup and the 2028 olympics, ensuring a steady stream of rental income. additionally, the property is rent control-proof, making it a secure investment in an evolving market.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46749269

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Property Appliances: Dryer,Washer

  • Building Information

    • Year Built: 1948
    • Building Area Total: 3,840

    Pool Features

    • None

    Laundry Features

    • In Kitchen

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.175
    • Lot Size Source: Owner
    • Lot Size Square Feet: 7621

  • Listing Price Information

    • Original List Price: 2,480,000
    • Listing Contract Date: 2024-08-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5338012007

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 601 - Alhambra
    • Postal Code Plus 4: 1919
    • Directions: North of Main Street, West of Atlantic Boulevard
    • Zoning: ALP*
    • Source Property Type: Residential Income
    • Area: 601 - Alhambra
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 76
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/17/2024 @ 07:18

  • MLS: AR24172997
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,840 sqft, 7,621 sized lot, and 5 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Alhambra , in zip code 91801, this Los Angeles County Home are nearby neighborhoods.