201 N Atlantic Boulevard, Alhambra, CA 91801
List Price: $2.5M
Listing Status: Active
Original List Price: $2.9M
0Days on Market: 105
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1928
Lot Size: 16,000 sq ft
MLS Number: OC26007472
About This Property
Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Listing provided by: Stephen Shloss DRE #01226352 949-707-4400 steve@thecastlerealestategroup.com, Regency Real Estate Brokers
Source: CRMLS, MLS #: OC26007472
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.