Residential Income Details
Bridge Investment Group is proud to present 109 N 5th St in Alhambra. Located in one of the most highly sought-after locations, the asset has been well maintained and is a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.
The property is a 6-unit apartment built in 1988 comprised of three 1 bedroom/1 bathroom and three 2 bedroom/2 bathrooms units. The building is 4,137 square feet sitting on a large lot of approximately 10,741 square feet. The foundation is concrete slab and the roof is pitched composition shingle.
The owner built this property in 1988 and is still owned by the same family. Each unit is individually metered for gas and electricity and comes with a two car parking garage. There is an additional 2 car tuck under parking for a total of fourteen spaces. There is central air conditioning and heat in each unit. There is one water heater as well as laundry on site for the tenants, one washer and one dryer on lease from “Wash”. The owner has not been aggressively pushing the rents and all of the tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.
|Number of Units||6|
|Status||Active Under Contract|
|Listing Brokerage||PASADENA MARKET CENTER|
|Listing Agent||KEVIN LUTZ|
|Listing Agent BRE #||00925595|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, December 8, 2017.
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