Residential Income – 12 N Marengo Ave, Alhambra, CA 91801, USA -001-11-30T00:00:00-08:00
First time on the market in over 50 years! We are pleased to present 12 N. Marengo – an incredible 12 unit apartment building in prime Alhambra north of Main Street. Priced at only $291,667 per unit, the property consists of two (2) separate buildings featur
12 N Marengo Ave, Alhambra, CA 91801, USA
$3,500,000 USD
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Address12 North Marengo Avenue, Alhambra
Price$3,500,000
Year Built1939
Bedrooms Total0
Lot Size (Sq.Ft.)13,260
Listing ID20543656
StatusPending
Parcel Number5338004004
ZoningALP
Special ConditionsStandard
Days on Market74

Detailed Description: First time on the market in over 50 years! We are pleased to present 12 N. Marengo – an incredible 12 unit apartment building in prime Alhambra north of Main Street. Priced at only $291,667 per unit, the property consists of two (2) separate buildings featuring all one bedroom one bath units. Situated on a 13,260 square foot spacious lot, the property has been extremely well maintained and with realistic upside in rents. Boasting a fantastic walk score of 80, the property is just a short distance to the shops and restaurants on Main street and local transportation. From working professionals and students to families just starting off, the property provides an attractive living opportunity for potential tenants and is a fantastic long term investment.

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Parking
Senior Community

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Address Information
Address12 North Marengo Avenue, Alhambra
Street PrefixNorth
Street SuffixAvenue
CityAlhambra
Location (MLS Area)601 – Alhambra
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91801
Financial Information
Purchase Contract DateMarch 20, 2020
Price per Lot Square Foot$263.95
Special ConditionsStandard
Gross Operating Income$197,556
Gross Income$203,666
Gross Scheduled Income$203,666
Net Operating Income$128,730
Laundry Income$300
Gross Multiplier17.18%
Tax Year2000
Full Descriptions
Parcel Number5338004004
Detailed DescriptionFirst time on the market in over 50 years! We are pleased to present 12 N. Marengo – an incredible 12 unit apartment building in prime Alhambra north of Main Street. Priced at only $291,667 per unit, the property consists of two (2) separate buildings featuring all one bedroom one bath units. Situated on a 13,260 square foot spacious lot, the property has been extremely well maintained and with realistic upside in rents. Boasting a fantastic walk score of 80, the property is just a short distance to the shops and restaurants on Main street and local transportation. From working professionals and students to families just starting off, the property provides an attractive living opportunity for potential tenants and is a fantastic long term investment.
Heating DescriptionWall Furnace
Cooling DescriptionWall / Window Unit (s)
Parking FeaturesAssigned, Carport, Covered, Driveway, Garage
Property parameters
Year Built1939
Lot Size (Sq.Ft.)13,260
Lot Size (Acres)0.304
Lot Size SourceOther
Number of Buildings2
Number of Units Total12
ZoningALP
Stories Total2
Units Total12
Listed withBenjamin J. Hsiang (Realty Investment Advisors, Inc.)