North Marengo Avenue, Alhambra, CA 91801

$3,500,000
12
BD
12
BA
8,052
SqFt
List Price
$3,500,000
MLS#
20543656
Bedrooms
12
Bathrooms
12
Living Sq. Ft
8,052
Lot Size
13,260
Property Type
Multifamily
Status
Active

Property 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.

Additional Information

Units
12
Gross Scheduled Incom
$203,666
Net Operating Income
$128,730
Total Parking Spaces
12
Year Built
1939
View
Parking
Assigned, Carport, Garage, Other
Heat
Wall Heater
Cooling
Wall or Window Units

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Realty Investment Advisors, Inc., Benjamin J. Hsiang.

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