1609 South Atlantic Boulevard

1609 South Atlantic Boulevard

Alhambra, CA 91803

$3,600,000
Price
11
Beds
8
Baths
6,415 Sq. Ft.
$561 / Sq. Ft.
6,415
Sq. Ft.
$561
per Sq. Ft.
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Description

Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed...Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed with basement and fenced yard. All units have laundry hookups inside except studio and upstairs unit has a laundry room downstairs. Contact City/County to explore possibilities of adding square footage and/or additional units or ADUs. Parking on site includes 5 single car garages (standalone building with nothing above), a two-car garage (with studio attached and unit above), a carport, and a parking space off the alley. Attached Owner's unit/shed with bathroom and separate access. Plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All tenants are month to month, most have been at the property long term. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino and the San Gabriel with close freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, Golf Courses, Downtown LA, Santa Anita, The Rose bowl, retail shops, parks, Cal State LA, USC, UCLA and more. Private Property - do not enter without written permission.
  1. Listed by Andrew Homs • DRE #01893992 • Brokerage DRE #02009986 • H & M Realty Group • 949-229-2704

Property Details for 1609 South Atlantic Boulevard

Parking Spaces Total
9
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6415
Assessor Parcel Number
5356-016-044
Property Attached YN
true

Location

Listing Courtesy of H & M Realty Group, Andrew Homs, DRE #01893992
Add your commute
LISTING UPDATED: 04/23/2024 08:49 AM

Property Details for 1609 South Atlantic Boulevard

StatusActive
MLS #OC24025079
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.52 AC / 22,847 SF
CountyLos Angeles County

Location

Listing Courtesy of H & M Realty Group, Andrew Homs, DRE #01893992
Add your commute

Building Information for 1609 South Atlantic Boulevard

Stories2Residences-Year Built1947Building Size-Lot Size0.52 AC / 22,847 SF

Payment Calculator

$19,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$209

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1609 South Atlantic Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $177,336
  • Net Operating Income: $128,460
Expense Details
  • Operating Expense: $48,876
  • New Taxes Expense: $37,500
  • Gardener Expense: $2,200
  • Fuel Expense: $0
  • Licenses Expense: $190
  • Electric Expense: $760
  • Insurance Expense: $2,967
  • Professional Management Expense: $0
  • Trash Expense: $2,474
  • Water Sewer Expense: $2,785
  • Total Expenses: $48,876
Tax / Assessment Info
  • Tax Tract Number: 4376
  • Tax Census Tract: 4809.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 5356016043
  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Yard
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Garage: Carport, Garage
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 7
  • Carport Spaces: 1
  • Parking Features: Carport, Garage, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,628
  • Unit Type Total Rent: $1,628
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $3,100
  • Unit Type Pro Forma: 3350
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2

Property History for 1609 South Atlantic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1609 South Atlantic Boulevard

Taxable ValueLand$79,386Additions$35,312Total$114,698
Tax Record2023$2,512 ($209 / month)
Home Facts
Total Finished SqFt3,324 SqFtAbove Grade Finished SqFt3,324 SqFtLot Size11,375 SqFtStyleTriplexYear Built1947ZoningALRPD*CountyLOS ANGELESAPN5356-016-044

Schools near 1609 South Atlantic Boulevard

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Marguerita Elementary School
Public - K to 8
Alhambra High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
Century High School
Public - 9 to 12
Rating
School
Distance
Marguerita Elementary School
PublicK to 8

Alhambra High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1609 South Atlantic Boulevard, Alhambra, CA 91803

1609 South Atlantic Boulevard is a multi-family home for sale in Alhambra, CA 91803. This property was listed for sale on February 3, 2024 by H & M Realty Group, it's currently listed at $3,600,000. This listing's school district is Alhambra Unified School District. Nearby schools include Marguerita Elementary School, Alhambra High School and Independence High (Alternative) School. 1609 South Atlantic Boulevard is a 11-bed, 8-bath, 6,415 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of H & M Realty Group, Andrew Homs, DRE #01893992

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.