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1515 Commonwealth Avenue, Alhambra, CA 91803
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1515 Commonwealth Avenue
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  • MLS#: WS25000910 ( Apartment )
  • Street Address: 1515 Commonwealth Avenue
  • Viewed: 1
  • Price: $2,875,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91803
  • Provided by: KW Executive
  • Contact: DONALD DONALD
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A rare opportunity in Alhambra, CA! This 8 unit apartment property, on the market for the first time since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2 bedroom, 1 bathroom units and two 1 bedroom, 1 bathroom units, with four units to be delivered vacant, presenting immediate market rent potential. This low maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long term asset with very low vacancy.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 6392.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 267.00
Entry Location
  1. Front
Fuel Expense
  1. 784.00
Garage Spaces
  1. 7.00
Insurance Expense
  1. 4202.00
Laundry Features
  1. Individual Room
Levels
  1. Two
Lockboxtype
  1. See Remarks
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 110625.00
Newtaxesexpense
  1. 33715.00
Parcel Number
  1. 5343006001
Pool Features
  1. None
Postalcodeplus4
  1. 1606
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429353666:CRM
Totalexpenses
  1. 46095.00
Trash Expense
  1. 2318.00
Uncovered Spaces
  1. 1.00
Water Sewer Expense
  1. 2361.00
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Public Records
Zoning
  1. ALRPD*