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34508082
34507938

1342 Edgewood Dr, Alhambra, CA 91803 For Sale

SD
CA 01768476
Stacy T Dover - Broker
Listed by Stacy T Dover - Broker
$1,799,000
150 days on market
Updated 4 days ago

Fantastic Edgewood Dr. Investment

Details
APN 5355-004-001
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 4,422
Units 9
Cap Rate 3.34%
NOI $60,080
Price per SqFt $407
Broker Co-Op Yes
Year Built 1979
Buildings 1
Stories 2
Lot Size (SqFt) 6,615
Parking Spaces 9 spaces
Parking per 1,000 SqFt 2.04
Ground Lease No
Sale Condition N/A

Multifamily | 9 Units | CLOSE TO IT ALL!

Marketing description

Prime 5-Unit Investment Opportunity in the Heart of Alhambra. 4 units are 2 bed/2ba and one unit is 1 bed/1 bath. An exceptional opportunity for the savvy investor this 5-unit income property is ideally located north of the 10 freeway in one of Alhambras most desirable and stable rental markets.Positioned in a high-demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Positioned in a fabulous neighborhood and seton a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. Each unit enjoys on-site parking space, a valuable amenity for tenants in this area. The property also features an **on-site laundry room** with owner-operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra

property presents a rare opportunity to acquire a turnkey asset with long-term upside.

Investment highlights

Potential income growth - fantastic area

Transit oriented community

Large lot with ample parking area

Onsite Owner operated laundry room

Listing Contacts

SD
CA 01768476
Stacy T Dover - Broker
Listed by Stacy T Dover - Broker

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,080.00
$5,006.67/mo

Valuation Metrics

0
DSCR
3.34%
Cap Rate
3.34%
ROI

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Additional Information

Name
Stacy Dover
License
01768476
Brokerage
Stacy T Dover - Broker
Brokerage Phone
626.429.7361
Title
Real Estate Broker
Brokerage Address
449 W Foothill Blvd., #154
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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