1512 W Huntington Drive

    Alhambra, CA 91801
    • $4,350,000
    • STATUS: Active Under Contract
    • ON SITE: 144 days
    • ID#: 18411008
    Under Contract
    UPDATED: 25 min ago
    $4,350,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,344
      SQFT
    • $466
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    1508-1512 W Huntington Drive (11 units, primarily bungalow-style). The single family residence behind the property is also for sale (932 N Electric Avenue). Can be sold together or separately. The Courts Alhambra is an 11-unit property, comprised of 10 total structures, including nine freestanding units and a duplex. The bungalows, constructed in 1941 on an oversized ++G++G+-27,428 square foot, R3, double corner lot, with a total building size of ++G++G+-9,344 square feet, are immaculately maintained and offer a large courtyard with lush greenery. Given the property's solid real estate fundamentals, which include a desirable bungalow-style layout, excellent unit mix, turnkey building condition, and strong non rent-controlled Alhambra location, The Courts Alhambra is an unmatched investment for an investor seeking growth, stability, and a hedge against inflation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89741102

    1512 W Huntington Drive Alhambra, CA 91801

    • Price: $4,350,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: 18411008
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    9,344
    SQFT
    $466
    $/SQFT
    1941
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    1508-1512 W Huntington Drive (11 units, primarily bungalow-style). The single family residence behind the property is also for sale (932 N Electric Avenue). Can be sold together or separately. The Courts Alhambra is an 11-unit property, comprised of 10 total structures, including nine freestanding units and a duplex. The bungalows, constructed in 1941 on an oversized ++G++G+-27,428 square foot, R3, double corner lot, with a total building size of ++G++G+-9,344 square feet, are immaculately maintained and offer a large courtyard with lush greenery. Given the property's solid real estate fundamentals, which include a desirable bungalow-style layout, excellent unit mix, turnkey building condition, and strong non rent-controlled Alhambra location, The Courts Alhambra is an unmatched investment for an investor seeking growth, stability, and a hedge against inflation.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features UncoveredGarage Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Central Air Cooling YN Yes Laundry Features StackableSee Remarks

    Property Features

    Cap Rate 3.11 Gross Multiplier 18.54 Gross Operating Income 234660.00 Insurance Expense 4850.00 Laundry YN Yes Licenses Expense 225.00 Maintenance Expense 7150.00 Net Operating Income 135217.00 Other Expense 2750.00 Pest Control Expense 780.00 Professional Management Expense 11381.00 Special Listing Conditions Standard Total Expenses 92404.00 Water Sewer Expense 6180.00

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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. Licensed in the State of California, USA.
     
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    171 Saxony Road, Ste. 205
    Encinitas CA, 92024