Located in high-demand North Alhambra, this exceptional fully updated 5-unit multifamily + bonus studio with laundry room is currently generating $24,000/month in Airbnb income with $204,000/year net income after expenses—offering a solid 6.85% CAP rate. Two 3+2ba, One 2+Den + 1Ba, Two 1+1, One Bonus Studio w/ Bathroom (non-conforming; storage… Read More or staff use). Gated entry with 9 On-Site Parking Spaces (7 covered carports and 2 oversize uncovered spaces). No existing lease contracts – new owner can set market rents. L.A. City Rent control exempt making it a secure investment in an evolving market. Sold fully furnished with stylish, updated interiors. Airbnb listings included – turnkey transition for investor. Positive cash flow from Day 1. A rare find just minutes from South Pasadena, San Marino, and Downtown LA, the property is conveniently walking distance to Main Street & easy transportation, IMAX Theater, 99 Ranch Market, Sprouts Farmers Market, and sits across from Story Park, tennis courts, and Alhambra High School. Positioned for strong income growth with 2026 FIFA World Cup and 2028 Olympics. Great for User & Investor. Read Less
Property listed by HORIZON REAL ESTATE SERVICES, HORIZON HOM 310-213-3216
Listing Snapshot
Days Online
55
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1970
MLS Number
WS25064082
Additional Details
Building
Built in 1970, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Street
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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