913/915 Edith Avenue

Alhambra CA 91803

3828 sq.

11849 sq.

Multi-Family

Last sold for $1,930,000

Han Widjaja Chen CCIM, last sold this property on 01 February 2024 after 0 days on market.

Overview

5-unit Prime Value-add, First Time Sold since 1974!

Growth Investment Group California is proud to present 915 Edith St, Alhambra, a very well located and maintained property in the City of Alhambra. The property has been in the same ownership since 1974 (49 years ownership – current owner is the heir); thus presents a rare opportunity for the right buyer to acquire this beautifully located property in Alhambra with attractive going in CAP Rate. The property is a block from Atlantic Blvd, and several blocks west from Alhambra Golf Course and Almansor Court, providing a rare and excellent amenity for tenants which makes it very easy to rent and operate property. It is located minutes away from Downtown Alhambra on Main Street, and Valley Blvd retail corridor. There is no local rent control which allows maximum rent increase under AB1482 (CPI + 5% = 10% maximum increase). The property consists of 3 buildings that were built in stages (buyer to verify with the city)– 915 Edith A&B was built in 1965, 913 Edith Ave unit A was built in 1935, 913 Edith Ave unit B was built in 1945, and 904 Curtis Ln was built in 1930. It has a total of ±3,828sf building and on a large R3 ±11,849sf lot. It has an excellent unit mix of one (1) x 3bed+2bed house, one (1) x 2bed+1bath house, one (1) x 2bed+1bath, and two (2) x 1bed+1bath units. It is unique because the front house is a large 3bedroom+2bathroom owner’s unit (will be delivered vacant), and the back house is a SFR with its own address – both are on one lot. The front house is a large 3bedroom+2bathroom unit with a large private lawn, high ceiling in living room, central HVAC unit, fireplace, tiled kitchen. The back house (904 Curtis) has its own driveway and garage parking, central HVAC, fireplace, EV charging, and a private backyard. Plumbing has been upgraded to copper (buyer to verify), and each unit has an individual water heater.

Features

9 bedrooms

6 bathrooms

7 carspaces

3828 sq. floor area

11849 sq. lot size

Multi-Family

Estimated Value

We need at least 3 similar 9 bedroom multi families sold in Alhambra over the last 12 months.

Property history for 913/915 Edith Avenue

2024

Sold

$1,930,000

01 Feb 2024 by Han Widjaja Chen CCIM, of Growth Investment Group, Inc.

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