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$ 1,249,000
Est. payment | /mo
4 Beds
3 Baths
8,357 Sqft Lot
$ 1,249,000
Est. payment | /mo
4 Beds
3 Baths
8,357 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26166569
Bedrooms 4
Lot Size 8,357 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Stabilized triplex in the heart of Alhambra 100% occupied, zero collection risk. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units generating $6,925/month ($83,100/yr) in owner-verified gross income. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. Cap rate 5.12% | NOI $63,970 | GRM 15.03. Annual 4% rent increases each April on Section 8 units. No local rent control Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. A true set-it-and-forget-it income asset in one of Southern California's most resilient appreciation markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of Atlantic Blvd, South of Alhambra ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5338019012
Listed by RENALDO SUDIBYA, DRE#01411567 IRN REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4440 Twain Ave. #326, San Diego, California, 92120, USA