A very well located and maintained property in the City of North Alhambra. The property has been in the same ownership since 1987 (37 years ownership – current owner are the heirs); thus presents a rare opportunity for the right buyer to acquire this beautifully located property in North Alhambra with attractive going in CAP Rate. This property comprises five individual condo style-like units, each offering its own unique features and comfortable living spaces. With a combination of versatile layouts, convenient amenities, and a prime location, this property is a rare find in the market. Building is in immaculate condition and very well kept. Each unit consists of 2 beds and 1.5 baths, central heating and air, and a detached automatic two car garage. There is no local rent control which allows maximum rent increase under AB1482 (CPI + 5% = 10% maximum increase). All current tenants are on a month-to-month agreement which translates to significant rental upside. It is situated on a quiet residential street in Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target, H-Mart), Lacy Park, In N Out, schools, churches, downtown Alhambra on M
MLS #
CRWS24049009
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Laundry
Community Facility
Cooling
Central Forced Air
Heating
Central Forced Air
Garage/Parking
Garage: 5 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 5 | – |
903 N Monterey St is a Residential Income in Alhambra, CA 91801. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1989.
This address can also be written as 903 N Monterey St, Alhambra, CA 91801.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 15, 2024. For the most current information, please contact ASHLEY TANG, (626) 573-2333