312 North Primrose Avenue, Alhambra, CA 91801
312 North Primrose Avenue, Alhambra, CA 91801
312 North Primrose Avenue, Alhambra, CA 91801
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Han Chen • Growth Investment Group Pasade
$1,700,000
Est. payment /mo
8,228 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR-23195527

Style Bungalow

Year Built 1923

Lot Size 8,228 Sqft

Property Sub-Type Quadruplex

Property Description

Disclosure: Latest appraisal report (as of June 2023) valued the property at $1.7million (was in escrow for $2million in June 2023 - report available for qualified buyer). It is a single-story bungalow style fourplex located in the best location of Alhambra. It is situated on a quiet residential street in north Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This offering provides investor with opportunity to buy an easy to manage and rent apartment investments in the best location of Alhambra. The property has undergone many capital improvements, most recent ones are new roof for back duplex (October 2023), new drought tolerant landscaping (front lawn) and new exterior paint (back duplex + garage). The building consists of two duplexes. The front duplex consists of two x 1bedroom+1bathroom bungalow style units. Each unit comes with in-unit laundry machines (seller provided). One of the front units (#312) has been partially upgraded with luxury vinyl wood flooring, quartz kitchen countertops, new kitchen, recessed lightings, and new laundry machines (come with the property). The other front unit (#314) has been fully upgraded with new kitchen, new flooring, new stainless-steel appliances, in-unit laundry machines, new A/C, new windows, etc. The back duplex consists of one x 1bedroom+1bathroom, and one x studio. Both back units have been completely upgraded with new flooring, new kitchen (cabinets and quartz countertops), recessed lightings, and mini split A/C and heating units. These back 2 units do not have any laundry hookups and there is no laundry facility in the building (new owner can create laundry facility in one of the storage spaces). The property has a detached garage which provides 2 parking spaces and 2 storage spaces. There are 4 additional striped parking spaces in front of the garage. The 1 detached garage spaces are being used as storage spaces by tenant - the other 1 garage space are rented on month to month basis by one of the new tenant. The building is separately metered for electricity and gas.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD*

Interior

Heating Wall Furnace, ENERGY STAR Qualified Equipment

Cooling Ductless, ENERGY STAR Qualified Equipment

Flooring Vinyl, Wood

Fireplaces Type None

Laundry None, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included

Exterior

Parking Features Garage, Uncovered

Garage Spaces 2.0

Pool None

Community Features Suburban, Valley

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N No

View None

Building

Lot Description Landscaped, Level, Level with Street, Lot 6500-9999, Near Public Transit, Park Nearby, Rectangular Lot

Sewer Public Sewer

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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