1342 Edgewood, Alhambra, CA, 91803

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$1,799,000
283 Days On Site

1342 Edgewood
Alhambra, CA 91803

For Sale|Apartment|Active
0
Beds
0
Total Baths
4,422
SqFt
$407
/SqFt
1979
Built
County:
Los Angeles
Listed by Stacy Dover of Mystic Canyon Real Estate [email protected]
1342 Edgewood1342 Edgewood1342 Edgewood1342 Edgewood
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Monthly Payment (Est.)

$8,208
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Prime 5-Unit Investment Opportunity | Alhambra, CA **Exceptional Income Property with Long-Term Upside** Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential. Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors. The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including: Four 2-bedroom, 2-bath units One 1-bedroom, 1-bath unit All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent. Additional highlights include: Owner-operated on-site laundry room providing supplemental income Strong, established rental market Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles Excellent commuter location with nearby public transportation Pro forma rental projections reflecting market rates at the time of listing Potential for additional development or expansion (buyer to verify with the City of Alhambra) Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential. Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.

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Listing Snapshot
Price 
$1,799,000
Days On Site 
283 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,422 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1519 Acres
Year Built 
1979
MLS® Number 
CV25241240
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
9 months agoListing first seen on site
9 months agoListing updated with changes from the MLS®
General Features
Acres 
0.1519
Carport 
7
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
9
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4422
Water Source 
Public
Interior Features
Cooling 
Wall/Window Unit(s)
Laundry Features 
Common AreaSee Remarks
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Exterior Features
Pool Features 
None
Roof 
Composition
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Building Access 
1,2
Community Features 
Sidewalks
Financing Terms Available 
CashContract
MLS Area 
601 - Alhambra


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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