MarketPier

12 N MARENGO Avenue - Alhambra, CA 91801

$3,500,000
Listing 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.

Listing Information
MLS Number
20543656
APN/Parcel ID
5338004004
Type
Multifamily
Sub Type
Multifamily
No Units
12
Price / Unit
$291,667
Gross Income
$197,556
Gross Scheduled Income
$203,666
Net Income
$128,730
Rent Multiplier
17.18
Listing Date
1/14/2020
Days Active
2
Last Updated
1/16/2020
Listing Provided By
Benjamin J. Hsiang
Realty Investment Advisors, Inc.
BRE# 01438644

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