1715 S 5th St, Alhambra, CA 91803

Property Description

Le Chateau-1715 S 5th St. is an attractive 14-unit NON-rent-control value-add apartment community located in the desirable City of Alhambra, CA. The property is in a very desirable location just 2 blocks south of Valley Boulevard retail corridor and one block from Alhambra elementary school. This offering provides an excellent investment opportunity for investors to operate and cash flow the property from the start. The property has a very low vacancy history due to its convenient and strategic location. The property is a two-story well-maintained garden style apartment that was built in 1966. It has a large living area of 13,303 sqft (average ±950 sqft per unit) and situated on a 15,458 sqft lot. It has secured entrance and garage parking. It offers an entryway with a central garden area complete with water fountain and lush landscaping. It offers an excellent unit mix of three (3) x 2bedroom+2bathroom, seven (7) x 2bedroom+1bathroom, three (3) x 1bedroom+1bathroom, and one (1) x studio units. The front unit is an oversized 2bedroom+2bathroom unit (estimated size: ±2,000 sqft) complete with hardwood floor, custom color paint, built-in cabinetry, floor-to-ceiling linen closets, walk-in closets, en-suite bathroom, fireplace, and private patio. Other units are large with good layout and plenty of storage cabinets, windows A/C, wall heating, tiled bathroom, and kitchen. Four units have private balcony/patio area. Five units have been updated with new hardwood flooring.