Description
Calling all OWNER USERS/INVESTORS!!! Presenting this two-parcel, 5-unit investment opportunity at 5501 & 5505 Alhambra Ave. This property is located just minutes from USC Medical Center, Cal State University Los Angeles, Costco Wholesale, Sierra Park Elementary, El Sereno Middle School, and more. With over 3,200 sqft of Gross Building Area, the two parcels have a combined 7,905 sqft of lot space per assessor records. Whether as an income property or potential development opportunity on LAC2 ZONING, a diverse range of opportunities await to be unlocked by a lucky investor. The APNS are 5220023014 and 5220023015 for each lot. One parcel is home to the main building with one (1) retail storefront and (3) living units, with one (1) additional living unit located at the back of the property on the other parcel. The unit mix is (1) 1 Bed x 1 Bath, (2) 3 Bed x 1 Bath, (1) 2 Bed x 1 bath, and (1) retail unit. Per the seller, all 4 living units are on month-to-month leases, with great income in place. All buyers to perform their own investigations and due diligence. The exterior of the buildings has been recently repainted, with renovations done to the retail unit around 2014-2015. PLEASE DO NOT DISTURB TENANTS. DO NOT WALK THE PROPERTY.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Calling all OWNER USERS/INVESTORS!!! Presenting this two-parcel, 5-unit investment opportunity at 5501 & 5505 Alhambra Ave. This property is located just minutes from USC Medical Center, Cal State University Los Angeles, Costco Wholesale, Sierra Park Elementary, El Sereno Middle School, and more. With over 3,200 sqft of Gross Building Area, the two parcels have a combined 7,905 sqft of lot space per assessor records. Whether as an income property or potential development opportunity on LAC2 ZONING, a diverse range of opportunities await to be unlocked by a lucky investor. The APNS are 5220023014 and 5220023015 for each lot. One parcel is home to the main building with one (1) retail storefront and (3) living units, with one (1) additional living unit located at the back of the property on the other parcel. The unit mix is (1) 1 Bed x 1 Bath, (2) 3 Bed x 1 Bath, (1) 2 Bed x 1 bath, and (1) retail unit. Per the seller, all 4 living units are on month-to-month leases, with great income in place. All buyers to perform their own investigations and due diligence. The exterior of the buildings has been recently repainted, with renovations done to the retail unit around 2014-2015. PLEASE DO NOT DISTURB TENANTS. DO NOT WALK THE PROPERTY.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T21:34:04.817. 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 Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.