0.37 Acres Lot
0.37 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26007472
HOA Y/N No
Year Built 1928
Tax Year 2025
Lot Size 0.367 Acres
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify).
Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Laundry None
Exterior
Carport Spaces 5
Utilities Available See Remarks
Total Parking Spaces 10
Building
Lot Description 0-1 Unit/Acre, Garden, Greenbelt
Story 1
Water Public, See Remarks
Others
Tax ID 5338022013
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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