$ 2,480,000
22 N Electric Avenue Alhambra, CA 91801
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$ 2,480,000
Est. payment | /mo
3,840 SqFt
$ 2,480,000
Est. payment | /mo
3,840 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $645
MLS Listing ID CRAR24172997
HOA Y/N No
Year Built 1948
Lot Size 7,621 Sqft
Acres 0.18
Property 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
Location
State CA
County Los Angeles
Area Listing
Zoning ALP*
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, In Kitchen
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5338012007
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Fay Xu • Universal Elite Realty
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Patrick Nagel
REALTOR® | Lic# 1760790