Property · 2 recorded sales since 2015
Listing Agent: Brian Gordon (DRE #01302670) · Listing Office: Lotus Property Services, Inc. · Contact: 626-582-8001 · Bought with: Chao Chiao · IRN Realty · MLS #AR21023022 · Source: CRMLS
Attention investors…5 units under $200K per door! Act now on this 5-unit multi-family property with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property, this investment offers historically low expenses, ease of management and superb cash flow. Unit mix: one 2 bed/1 bath house and four 1 bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $990,000 this investment will not last long!
Listing description from the April 2021 sale, as reported to CRMLS.