716 S Chapel, Alhambra, CA 91801

Property Description

Appealing investment opportunity in the City of Alhambra, located in a prime location! First time on the market in 30 years. High rental demand desirable 6-Units, all units are two-story of 2 bedrooms and 1.5 bathrooms. The first-floor has a living room, kitchen, and a half bathroom; second floor has two bedrooms and one bathroom. Total living area is ± 5,394 sqft, lot size is ± 9,000 sqft, so each unit has ± 900 sqft. Current rents are $11,740/month. It has 6 carports and 6 outdoor parking spaces, so each unit has 2 parking spaces. On-site laundry room with leased machines, individual electric & gas meters, and individual water heaters. Per seller’s info, all units have been changed to double-pane windows, the roof condition is good, and some units have updates. Rents can be increased right after closing escrow. Stable tenants and easy to manage. Just two blocks away to Alhambra Golf Course, and Almansor Park which has Tennis Courts, Soccer Fields, baseball Field, Playground, Gym, etc. It has easy access to Freeways 10 & 710, just 4 miles to Cal State LA University, 6.5 miles to USC Health Sciences Campus, 9 miles to Downtown LA. It is very convenient to supermarkets, banks, schools, various restaurants, sports, entertainment, strip malls, and many more. City of Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park, these Cities come together as a prosperous region. This property is such a great real estate asset to own! Drive by only please; do not talk to any tenants. Interior inspection only provide to the buyer after his/her offer has been accepted.