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$2,688,888
Est. payment /mo
3 Beds
3 Baths
5,482 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26069462
Bedrooms 3
Lot Size 5,482 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
** Call or Email for Offering Memorandum ** Pleased to exclusively present the opportunity to acquire 2005 & 2007 South Stoneman Avenue, a 9-unit multifamily investment property in the city of Alhambra, California. The property is conveniently located just south of the Interstate 10 Freeway and east of the Garfield Avenue on/off ramp, providing residents with easy commute to Downtown Los Angeles and to nearby cities within San Gabriel Valley. The property is situated in a quiet neighborhood that is mostly single-family residences. Constructed in 1960, the property consists of two contiguous parcels with a total of 0.26 acres (11,346 square feet) and a combined building area of 5,363 square feet. 2005 South Stoneman Avenue is a two-story fourplex featuring all one-bedroom/one-bathroom floor plans with four carport parking spaces. 2007 South Stoneman Avenue is a two-story 5-unit apartment complex consisting of four one-bedroom/one-bathroom floor plans and a two-bedroom/two-bathroom floor plan and offers six tuck-under parking spaces. Both buildings have pitched roofs, covered stairwells to the upstairs units, and a shared on-site laundry room with one washer & one dryer (laundry machines are owned). Selected units have been upgraded with new double-pane windows, and all units offer wall-unit air conditioning. All units are individually metered for gas and electricity and have separate hot water heaters. The apartments have a superb central location that offers multiple supermarkets, diverse dining options, entertainment, schools, churches, and medical facilities within a two-
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 2005 & 2007 Stoneman Avenue, off the I-10
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5255012002
Acceptable Financing Cash
Listing Terms Cash
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Listed by Douglas McCauley • MARCUS & MILLICHAP
NEARBY SCHOOL & BUSINESS
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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