Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1605 Atlantic Boulevard, Alhambra, CA 91803
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    1605 Atlantic Boulevard
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    • MLS#: OC25026504 ( Quadruplex )
    • Street Address: 1605 Atlantic Boulevard
    • Viewed: 8
    • Price: $3,400,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1947
    • Bldg sqft: 0
    • Days On Market: 56
    • Additional Information
    • County: LOS ANGELES
    • City: Alhambra
    • Zipcode: 91803
    • Provided by: H & M Realty Group
    • Contact: Andrew Andrew
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Rare 8 Unit Investment Opportunity in Prime Alhambra with Development Potential This exceptional multifamily property consists of two side by side parcels totaling 22,978 square feet in the highly desirable Residential High Density (RH) zone of Alhambra. Featuring eight fully occupied units with a combined 6,415 square feet of living space, this asset offers a diverse mix of rental options, including a studio, two 1 bed/1 bath duplexes, an upstairs two bedroom unit, and two detached single family homesone of which is a three bedroom with a basement and private fenced yard. Most units are equipped with in unit laundry, with the exception of the studio and the upstairs unit, which share a laundry room downstairs. The property includes ample on site parking, featuring five standalone single car garages, a two car garage with an attached studio and upper unit, a carport, and additional off alley and street parking. The buildings have been well maintained, and all units are currently rented with no outstanding balances, reflecting strong tenant retention and minimal vacancies. Ideally situated near Pasadena, San Marino, and San Gabriel, this property offers easy access to major freeways, public transportation, top rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown Los Angeles, Santa Anita, The Rose Bowl, USC, UCLA, Cal State LA, and an array of retail shops and parks. With its prime RH zoning designation, this property allows for a density of 43 units per acre, a maximum building height of 45 feet, and up to five stories, presenting significant redevelopment potential (buyer to verify). There may also be opportunities to add ADUs or Junior ADUs for additional rental income. This is a rare chance to acquire a high performing investment property with substantial upside in a prime infill location. Private property Do not enter without written permission.
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    Features
    Additional Parcels Description
    1. 5356016044
    Association Fee
    1. 0.00
    Building Area Total
    1. 6415.00
    Carport Spaces
    1. 1.00
    Commoninterest
    1. None
    Common Walls
    1. 1 Common Wall
    Country
    1. US
    Electric Expense
    1. 760.00
    Entry Location
    1. Street
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 7.00
    Gardner Expense
    1. 2200.00
    Insurance Expense
    1. 2967.00
    Laundry Features
    1. Inside
    Lockboxtype
    1. None
    Lot Features
    1. Back Yard
    2. Front Yard
    3. Landscaped
    4. Lot 20000-39999 Sqft
    5. Sprinkler System
    Netoperatingincome
    1. 128460.00
    Newtaxesexpense
    1. 34000.00
    Parcel Number
    1. 5356016043
    Parking Features
    1. Attached Carport
    2. Garage
    3. Off Street
    Pool Features
    1. None
    Postalcodeplus4
    1. 3114
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Quadruplex
    Roof
    1. Tile
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 431638773:CRM
    Spa Features
    1. None
    Totalactualrent
    1. 14778.00
    Totalexpenses
    1. 48876.00
    Trash Expense
    1. 2474.00
    Uncovered Spaces
    1. 1.00
    Water Sewer Expense
    1. 2785.00
    Water Source
    1. Public
    Year Built
    1. 1947
    Year Built Source
    1. Assessor
    Zoning
    1. ALRPD*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836