217-221 S Atlantic Boulevard

    Alhambra, CA 91801
    • $3,750,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: SR19233944
    UPDATED: 195 min ago
    $3,750,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,604
      SQFT
    • $568
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Atlantic Apartments is an immaculately maintained 12-unit apartment community located in Alhambra, California. Set amid lush surroundings on a 15,000 square foot lot, the 6,604 square foot property offers one- and two-bedroom apartment homes. Built in 1928 and 1949 respectively, the property offers an excellent community that offers you a wide variety of nearby attractions.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

    www.laffinsrealestate.com/homes/99543048

    217-221 S Atlantic Boulevard Alhambra, CA 91801

    • Price: $3,750,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: SR19233944
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    6,604
    SQFT
    $568
    $/SQFT
    1928
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Atlantic Apartments is an immaculately maintained 12-unit apartment community located in Alhambra, California. Set amid lush surroundings on a 15,000 square foot lot, the 6,604 square foot property offers one- and two-bedroom apartment homes. Built in 1928 and 1949 respectively, the property offers an excellent community that offers you a wide variety of nearby attractions.
    Exterior Features

    Carport Spaces 5.00 Garage Spaces 2.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels Description 5343024005 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.82 Community Features Urban Country Us Electric Expense 4000.00 Elevation Units Feet Fuel Expense 2400.00 Gardener Expense 1800.00 Gross Income 269880.00 Gross Multiplier 13.90 Gross Operating Income 269880.00 Gross Scheduled Income 269880.00 Insurance Expense 4200.00 Land Lease YN No Laundry YN Yes Licenses Expense 250.00 Maintenance Expense 9906.00 Net Operating Income 180828.00 New Construction YN No New Taxes Expense 45000.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 2 Operating Expense 80956.00 Other Expense 3200.00 Other Expense Description Misc. Pest Control Expense 600.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 22370.00 Total Expenses 80956.00 Trash Expense 3600.00 Vacancy Allowance 8096 Water Sewer Expense 6000.00 Water Source Public Year Built Source Assessor Zoning Alrpd*

    Listing provided courtesy of Warren Berzack of Lee & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

     
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