Address
1902 W Grand Avenue Alhambra, CA
Price
$ 1,488,000
Property Attributes
  • MLS#CV20208889
  • TypeIncome
  • CountyLOS ANGELES
  • CityAlhambra
  • AreaAlhambra
  • Zip91801
  • Style
  • Price$ 1,488,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,738 SqFt
Listing Provided Courtesy Of:
SEAN HWANGBO with REALTY ONE GROUP WEST.
Property Description

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%.

Price History
10/12/2020 Listed $1,488,000

General Features

Attached Structure Attached
Carport Spaces 4.00
Community Features Park, Sidewalks, Street Lights, Suburban
Directions East of Alhambra Park. W Grand Ave & N Raymond Ave
Garage Spaces 0.00
HOA Fee 0.00
Listagentaor Citrus Valley
Listing Agent SEAN HWANGBO - BRE#01945497
Listing Agent State License 01945497
MLS Area 601 - Alhambra
Number of Units Leased 4
Parking Features Detached Carport
Pool Features None
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning ALR1YY

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features None
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 0.00
Lot Features Lot 6500-9999
Lot Size Acres 0.2006
Lot Size Area 8740.0000
Lot Size Source Assessor
Lot Size Square Feet 8740.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 8.00
Uncovered Spaces 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91801

Price
AVG $2M
$1.49M
Visits
AVG 45
57
Year Built
AVG 1947
1917
Walkscore
AVG 73
74
Data Provided by Walkscore ® not using MLS data

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