1201 W Woodward, Alhambra, CA 91801
List Price: $1.25M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1951
Lot Size: 8,357 sq ft
Garage Spaces: 3
Private Pool: Yes
MLS Number: WS26166569
About This Property
Stabilized triplex in the heart of Alhambra — 100% occupied, zero collection risk. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units generating $6,925/month ($83,100/yr) in owner-verified gross income. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts — rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. Cap rate 5.12% | NOI $63,970 | GRM 15.03. Annual 4% rent increases each April on Section 8 units. No local rent control — Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. A true set-it-and-forget-it income asset in one of Southern California's most resilient appreciation markets.
Listing provided by: RENALDO SUDIBYA DRE #01411567 626-447-5100 renaldos888@hotmail.com, IRN REALTY
Source: CRMLS, MLS #: WS26166569
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.