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$4,999,988
Est. payment /mo
0.38 Acres Lot
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC23107462
HOA Y/N No
Year Built 1963
Lot Size 0.380 Acres
Property Description
Cindy Chin Realty Int’l is proud to exclusively present an exceptional commercial investment opportunity at 225 Palmetto Drive, Alhambra, CA. This multi-family property is a 15-unit residential building that stands as a testament to prime real estate for savvy investors. Comprising a diverse array of meticulously designed units, including 1-bedroom, 2-bedroom, and 3-bedroom layouts, this property offers a comprehensive range of housing options. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, this investment boasts a robust cash flow potential that promises substantial returns. Priced at an attractive $333,333 per unit, this investment represents an unparalleled opportunity to tap into the real estate market. The combination of its prime location, diverse unit offerings, full occupancy, and meticulous renovation makes it a strong contender for those seeking stable, long-term income. Positioned in the heart of Alhambra, this investment promises not only immediate returns but also capital appreciation over time. With a strategic focus on cash flow, 225 Palmetto Drive offers an exceptional prospect for investors who recognize the potential in this remarkable property. Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns and lasting value. Contact us today to seize this lucrative investment opportunity.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Laundry Common Area, Laundry Room
Building
Lot Description 11-15 Units/Acre
Story 2
Water Public
Others
Tax ID 5347004016
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Listed by Cindy Chin • Cindy Chin Realty • 949.698.0117