Residential Income in Alhambra

$2,500,000

1515 Commonwealth, 91803, Alhambra, CA

Residential Income for sale in Alhambra, 1515 Commonwealth, 91803

1515 Commonwealth, 91803, Alhambra, CA

$2,500,000

Type: Residential Income

Description

A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.

Location

1515 Commonwealth, 91803, Alhambra, CA

Data

Object TypeResidential Income
Purchase Price$2,500,000
Living Space0 m²
Plot Size665.93 m²
BathroomsN/A
Construction Year1951
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1951
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent