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5501 Alhambra Avenue

Los Angeles (City), CA 90032
  • $1,200,000
  • STATUS: Active
  • ON SITE: 168 Days
  • ID#: SR22035827
Price Reduced
UPDATED: 30 min ago
$1,200,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1933
County:

School Ratings & Info

Listing Agent(s): Anthony Kerimian of Tangible Realty (818-802-8052)


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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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.
www.livelovebeachcities.com/homes/126076391
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5501 Alhambra Avenue Los Angeles (City), CA 90032

  • Price: $1,200,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 30 min ago
  • ID#: SR22035827
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1933
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property 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.
Exterior Features

Lot Features 2-5 Units/AcreCorner Lot Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN Yes Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 75503 Gross Scheduled Income 77580 Insurance Expense 2280 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanConventional1031 Exchange Net Operating Income 61786 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 13717 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2280 Vacancy Allowance Rate 3 Water Sewer Expense 4500 Water Source Public Zoning Lac2



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.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Anthony Kerimian of Tangible Realty (818-802-8052)