22 N Electric Avenue, Alhambra, CA 91801 - Berkshire Hathaway HomeServices California Properties
22 N Electric Avenue Alhambra, CA 91801
$2,480,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# AR24172997
List price is $2,480,000 Reduced by $120,000 on 10/31/2024
Beds: 0
Baths: 0
Built in 1948
2 stories
0.18 acres
Lot size: 0.1750
County: Los Angeles
Zoning: ALP*
Appliances: Dryer,Washer
Lot description: Rectangular Lot
MLS area: 601 - Alhambra

Last Updated: 12/8/2024

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This listing belongs to the 601 - Alhambra MLS area

Lat/Long: 34.092386, -118.139231.
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Listing Agent: Fay Xu
Lic#: 01801928
Office Name: Sherman Oaks

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