125 N 3rd St, Alhambra, CA 91801

Property Description

This is an unique opportunity to acquire a newer well-maintained, fully occupied condo/townhouse style 5-unit income property located at the heart of Alhambra. Unit mix consists of three 3-bedroom + 2.5 bath units and two 2-bedroom + 1.5 bath units. Most units have carpeting throughout and vinyl flooring in kitchen, dining and bathrooms. Each unit has central air conditioning & heat, balcony, 2-car garage (but no direct access), large storage cabinets in garage, gas stove & oven, fire sprinklers, smoke detectors and carbon monoxide detectors. There is 1 additional on-site carport for guest parking, newer roof and automatic sprinkler with timer for landscape throughout. The property's landscaping was once awarded by the City of Alhambra as "Most Beautiful Property." Subject property is situated on a quiet street in North Alhambra close to restaurants, markets, movie theaters, City Hall, bus stops, schools and banks. Property shares the driveway with neighboring complex to its south. Current rents slightly below market price with room for increase. Fully occupied with low vacancy rate. (Interior photos were taken prior to tenant occupancy.) Don't miss this great investment opportunity!