1427 S Garfield AVE, Alhambra, CA 91801
$1,925,000
$1,900,000
1.3%
Est.Price: ?

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8,738 Sqft Lot

1427 S Garfield AVE Alhambra, CA 91801

Est. payment /mo
SOLD DATE : 11/01/2022

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Key Details

Sold Price $1,925,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR22189729

Sold Date 11/01/22

HOA Y/N No

Year Built 1978

Lot Size 8,738 Sqft

Property Sub-Type Apartment

Property Description

Whether you're looking for your next savvy investment or simply want to make the most of your purchase, don't pass up this incredible opportunity in Alhambra! It's your chance to own a rare multi-unit building with exceptionally large 2 and 3-bedroom units with well above average sq ft. Moreover, being built in 1978 means you won't be subject to current retrofit ordinances. With these generously sized residences, you'll have the potential to enjoy a tremendous 50+ percent upside in rental income. Live in one and lease the others to help with mortgage payments.

The well-maintained property is walled on three sides with a long driveway leading to rear, ample on-site parking for 10 cars. A fabulous location in a highly desirable neighborhood means this impressive rental complex provides the additional appeal of easy access to freeway commuting, popular nearby restaurants, and shopping. Plus, close proximity to downtown LA and surrounding cities ensures total convenience for those lucky enough to call it home. Why just read about it when you can experience it all for yourself? Come for a tour before someone else beats you to it!

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD*

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Carport, Uncovered

Carport Spaces 5

Pool None

Community Features Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Total Parking Spaces 10

Private Pool No

Building

Lot Description Front Yard

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5357009021

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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Listed by Carol Poh Pacific Reliance #01217579
Bought with Carol Poh Pacific Reliance
Jessica Lam

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