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701 S Almansor Street, Alhambra, California 91801

Residential Income Sold
$2,550,000
Lot Area 0.22 Sqft
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Listing Attribution
Listing ID:
MLS AR22205717
Listed by:
Handoko Chen · DRE 01749321
· GIG Real Estate Inc. ·
Bought with:
Handoko Chen · DRE 01749321
· GIG Real Estate Inc.
Property Description

701 S Almansor St, a two-story well maintained and well-located property in a highly desirable City of Alhambra. The property has been in the same ownership since ±1971 (±50 years ownership); thus present a rare opportunity for the right buyer to acquire this beautifully located property in Alhambra. The property is located right across from Alhambra Golf Course and Almansor Court, providing a rare and excellent amenity for tenants which makes it a very easy to rent and operate property. It is located minutes away from Downtown Alhambra on Main Street, and Valley Blvd retail corridor. rnrnThe property is a garden style two-story apartment that was built in 1953, has a total of ±5,152sf building and situated on a ±9,496sf corner lot. All the units are original/non-updated which provides good opportunity for buyer to do their own rehab program on future turnover. rnAll current tenants are on month-to-month agreement and have not had rent increase for the past several years, which translates to significant rental upside.

Listing Attribution
Listing ID:
MLS AR22205717
Listed by:
Handoko Chen · DRE 01749321
· GIG Real Estate Inc. ·
Bought with:
Handoko Chen · DRE 01749321
· GIG Real Estate Inc.
Contact Agent
Ivan Londoño
Smart Equity Realty

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