N Atlantic Blvd Cottages
7 Cottage Units in Alhambra
Marketing description
Rare opportunity to acquire a 7 unit, single-story cottage-style multifamily property located at 201 N. Atlantic Boulevard, Alhambra. Built in 1928, the property features standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (buyer to verify).
Situated on an approximately 16,000 square foot lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (buyer to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Investment highlights
Situated on an expansive level lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (buyer to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
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