920 North 1st Street
920 North 1st Street
$5,800,000
3
16
10,911
10,911
$532
Description
We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed...We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.1%, 5.4% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
- Listed by Ryan Loria • DRE #02006138 • Brokerage DRE #01921625 • Triqor Group
Property Details for 920 North 1st Street
Parking Spaces Total
0
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area10911
Assessor Parcel Number5321-020-021
Property Attached YNtrue
Location
LISTING UPDATED: 04/24/2024 08:25 AM
Property Details for 920 North 1st Street
Status | Active |
---|---|
MLS # | PW24067638 |
Days on Market | 26 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
County | Los Angeles County |
Location
Building Information for 920 North 1st Street
Building/Complex920 N 1st StFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-
Payment Calculator
$36,415 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 920 North 1st Street
Property History for 920 North 1st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 920 North 1st Street
Taxable ValueLand$2,892,357Additions$1,545,170Total$4,437,527
Tax Record2023$57,147 ($4,762 / month)
Home Facts
Total Finished SqFt10,911 SqFtAbove Grade Finished SqFt10,911 SqFtLot Size14,705 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningALRPD*CountyLOS ANGELESAPN5321-020-021
Schools near 920 North 1st Street
This home is within Alhambra Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Garfield 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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