114 S Marguerita Avenue

    Alhambra, CA 91801
    • $2,030,000
    • STATUS: Active
    • ON SITE: 140 days
    • ID#: 19427700
    UPDATED: 43 min ago
    $2,030,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 5,502
      SQFT
    • $369
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    The subject property allows an investor the opportunity to acquire a rare 1978 constructed, non-rent-controlled apartment asset in a highly sought Alhambra location where only 15% of total apartments and only 10% of transactions in 2018 were built 1978 or later. Soft story retrofit is not required, which saves thousands of dollars in capital expenditures. The property offers a unique unit mix with spacious units. While the current ownership has recently added new lush grass to the front yard and has attentively maintained the property, they have not aggressively raised rents. An astute investor will be able to implement a thorough renovation program and immediately take advantage of the estimated 30% upside in rental income.

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    Based on information from CARETS as of 2019-06-15T17:47:18.487. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.sellbuyla.com/homes/91196934

    114 S Marguerita Avenue Alhambra, CA 91801

    • Price: $2,030,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 19427700
    12
    Beds
    7
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,502
    SQFT
    $369
    $/SQFT
    1978
    Built
    Neighborhood:
    Alhambra (601)
    County:
    Los Angeles
    Area:
    Alhambra (601)
    Property Description
    The subject property allows an investor the opportunity to acquire a rare 1978 constructed, non-rent-controlled apartment asset in a highly sought Alhambra location where only 15% of total apartments and only 10% of transactions in 2018 were built 1978 or later. Soft story retrofit is not required, which saves thousands of dollars in capital expenditures. The property offers a unique unit mix with spacious units. While the current ownership has recently added new lush grass to the front yard and has attentively maintained the property, they have not aggressively raised rents. An astute investor will be able to implement a thorough renovation program and immediately take advantage of the estimated 30% upside in rental income.
    Exterior Features

    Parking Features Covered ParkingUncovered Parking Spaces Total 10 Parking Type Garage - Single Door

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 3.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 5

    Property Features

    Adjusted Gross Income 114000.00 Assessed Improvement Value 887244.00 Assessed Land Value 464747.00 Cap Rate 3.64 Country United States Of America Expense Total Annual 37295.00 Gross Operating Income 114600.00 Gross Rent Multiplier 17.81 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 73885.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1500.00 Unit Monthly Rent02 1550.00 Unit Monthly Rent03 2450.00 Unit Projected Total Monthly Rent01 1800.00 Unit Projected Total Monthly Rent02 5850.00 Unit Projected Total Monthly Rent03 3500.00 Unit Total Monthly Rent01 1500.00 Unit Total Monthly Rent02 4650.00 Unit Total Monthly Rent03 2450.00 Unit Type01 1 Unit Type02 3 Unit Type03 1 Units Total In Complex 5 Zoning Alrpd*

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from CARETS as of 2019-06-15T17:47:18.487. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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