Residential Income - Alhambra, CA

We are pleased to exclusively present Grand Avenue Apartments located in the supply constrained City of Alhambra, California. South Pasadena\/San Marino adjacent, 1902 W. Grand Avenue is a true value-add, two-story 4-unit multifamily property constructed in 1917 on a large 8,740 square foot lot. Offered for the first time in 33 years, this value-add property offers tenants three, oversized studios & one- one-bedroom unit and is well-parked with 4 carport parking spaces with side alley access. 1902 W. Grand Avenue is separately metered for electricity and is serviced by a central water heater. \nLocated next to Alhambra Park-- property\u00e2\u0080\u0099s irreplaceable location coupled with nearby amenities have kept longer term tenants with some occupying the units for over 20 years. 1902 W. Grand Avenue presents the investor an opportunity to acquire a significant value add opportunity through renovation with rental upside potential of 50.9%.