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Listed by Stacy Dover • Mystic Canyon Real Estate
$ 1,799,000
Est. payment /mo
Active
1342 Edgewood Alhambra, CA 91803
4,422 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,422 sqft
Price per Sqft $406
MLS Listing ID CV-25241240
Year Built 1979
Lot Size 6,615 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime 5-Unit Investment Opportunity | Alhambra, CA
**Exceptional Income Property with Long-Term Upside**
Positioned on a 6,615 sq. ft. lot in one of Alhambra's most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.
Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.
The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:
Four 2-bedroom, 2-bath units
One 1-bedroom, 1-bath unit
All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.
Additional highlights include:
Owner-operated on-site laundry room providing supplemental income
Strong, established rental market
Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles
Excellent commuter location with nearby public transportation
Pro forma rental projections reflecting market rates at the time of listing
Potential for additional development or expansion (buyer to verify with the City of Alhambra)
Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.
Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.
**Exceptional Income Property with Long-Term Upside**
Positioned on a 6,615 sq. ft. lot in one of Alhambra's most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.
Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.
The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:
Four 2-bedroom, 2-bath units
One 1-bedroom, 1-bath unit
All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.
Additional highlights include:
Owner-operated on-site laundry room providing supplemental income
Strong, established rental market
Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles
Excellent commuter location with nearby public transportation
Pro forma rental projections reflecting market rates at the time of listing
Potential for additional development or expansion (buyer to verify with the City of Alhambra)
Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.
Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry See Remarks, Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
View Y/N Yes
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer