22 N Electric Avenue Alhambra, CA $ 2,600,000
22 N Electric Avenue
$ 2,600,000
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22 N Electric Avenue

Alhambra, CA, 91801
$ 2,600,000
Bedrooms9 Baths5.0 Sq 3,840

Monthly Estimate*

$ 15,572

Listed by Universal Elite Realty
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Multi-Family Home for sale in Alhambra, CA

for $2,600,000 with 9 bedrooms and 5 full baths. This 3,840 square foot home was built in 1948 on a lot size of 0.175.

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.

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Multi-Family Active

Price

$ 2,600,000

Bedrooms

9

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.175

Year Built

1948

Town/City

Alhambra

County/Region

Los Angeles

MLS | Web ID

AR24172997

Days on Market

33

Features
General
Sewer PublicSewer
Appliances Dryer Washer
Zoning ALP*
Garage Spaces 5.0
Pool Features None
Year Built 1948
Stories 2
Levels Two
Property SubType Apartment
Gross Income 0.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions North of Main Street West of Atlantic Boulevard
City Alhambra
Entry Location 1
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 5
MLS Area 601 - Alhambra
Lot Size Units SquareFeet
Lot Size Square Feet 7621.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Terms Cash Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 9
Property Sub Type Additional Apartment
Expected Active Date 2024-08-26
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Exterior
Lot Features RectangularLot
Water Source Public
Total Parking 5.0
Lot Size Area 7621.0
Number of Buildings 2
Spa N
Building Area Total 3840.0
Lot Size Acres 0.175
Lot Size Source Owner
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features InKitchen
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 22
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* Excluded Features
List By
Universal Elite Realty

Broker

(949) 822-1314

Phone

Affordability Calculator

$15,572
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,572
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2024$2,600,000 Listed Price

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22 N Electric Avenue, Alhambra, CA, 91801 is a Multi-Family Home for sale at $2,600,000 with 3,840 sqft and a lot size of 0.175. 22 N Electric Avenue has 9 bedrooms, 5.0 baths, and was built in 1948. The property's zip code is 91801 which is in Alhambra, CA