22 N Electric Avenue
Alhambra, CA 91801
$120,000.00 (-4.62%)
Active for $2,480,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 7,621 sqft
| MLS | AR24172997 |
| Year Built | 1948 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $2,480,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,621 sqft |
| Beds | N/A |
| Baths | N/A |
Description
We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market. This property offers unparalleled flexibility in a high-demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
Listing information courtesy of: Fay Xu, Universal Elite Realty 949-822-1314. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Ovsanna Charliyan
REALTOR®
Direct: 818.802.0167
Email: Email Me
DRE: 01383944
DRE #01873088
.png){kind=small}