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22 Electric Avenue, Alhambra, CA 91801
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22 Electric Avenue
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More Like This
  • MLS#: AR24172997 ( Apartment )
  • Street Address: 22 Electric Avenue
  • Viewed: 2
  • Price: $2,480,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 88
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91801
  • Provided by: Universal Elite Realty
  • Contact: Fay Fay
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short term and long term rental potential. This fully renovated multi family property comprises five units: one 1 bedroom, 1 bath unit with the potential to convert into a 3 bedroom, and four 2 bedroom, 1 bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long term tenants, offering flexibility in a high demand rental market. This property offers unparalleled flexibility in a high demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short term rental operation or transition to long term leases, this property provides unmatched flexibility in a high demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control proof, making it a secure investment in an evolving market.
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Features
Building Area Total
  1. 3840.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 67
Electric Expense
  1. 0.00
Garage Spaces
  1. 5.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Dryer Included
  2. In Kitchen
  3. Washer Included
Levels
  1. Two
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 0.00
Parcel Number
  1. 5338012007
Pool Features
  1. None
Postalcodeplus4
  1. 1919
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421482412:CRM
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1948
Year Built Source
  1. Public Records
Zoning
  1. ALP*