Alhambra, CA 91801,1427 S Garfield Avenue
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Alhambra, CA 91801,1427 S Garfield Avenue
Alhambra, CA 91801,1427 S Garfield Avenue
Alhambra, CA 91801,1427 S Garfield Avenue
Alhambra, CA 91801,1427 S Garfield Avenue

$1,925,000

Est. payment /mo

$1,900,000

1.3%
Est.Price: ?

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1427 S Garfield Avenue Alhambra, CA 91801

9 Beds

5 Baths

8,738 Sqft Lot

SOLD DATE : 11/01/2022

Key Details

Sold Price $1,925,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR22189729

Bedrooms 9

Lot Size 8,738 Sqft

Property Description

Whether you're looking for your next savvy investment or simply want to make the most of your purchase, don't pass up this incredible opportunity in Alhambra! Its your chance to own a rare multi-unit building with exceptionally large 2 and 3-bedroom units with well above average sq ft. Moreover, being built in 1978 means you wont be subject to current retrofit ordinances. With these generously sized residences, you'll have the potential to enjoy a tremendous 50+ percent upside in rental income. Live in one and lease the others to help with mortgage payments. The well-maintained property is walled on three sides with a long driveway leading to rear, ample on-site parking for 10 cars. A fabulous location in a highly desirable neighborhood means this impressive rental complex provides the additional appeal of easy access to freeway commuting, popular nearby restaurants, and shopping. Plus, close proximity to downtown LA and surrounding cities ensures total convenience for those lucky enough to call it home. Why just read about it when you can experience it all for yourself? Come for a tour before someone else beats you to it!
Whether you're looking for your next savvy investment or simply want to make the most of your purchase, don't pass up this incredible opportunity in Alhambra! Its your chance to own a rare multi-unit building with exceptionally large 2 and 3-bedroom units with well above average sq ft. Moreover, being built in 1978 means you wont be subject to current retrofit ordinances. With these generously sized residences, you'll have the potential to enjoy a tremendous 50+ percent upside in rental income. Live in one and lease the others to help with mortgage payments. The well-maintained property is walled on three sides with a long driveway leading to rear, ample on-site parking for 10 cars. A fabulous location in a highly desirable neighborhood means this impressive rental complex provides the additional appeal of easy access to freeway commuting, popular nearby restaurants, and shopping. Plus, close proximity to downtown LA and surrounding cities ensures total convenience for those lucky enough to call it home. Why just read about it when you can experience it all for yourself? Come for a tour before someone else beats you to it!

Location

State CA

County Los Angeles

Area Alhambra (91801)

Zoning Public Rec

Interior

Cooling Central Forced Air, Wall/Window

Exterior

Garage Unit1:Assigned

Others

Acceptable Financing Cash

Space Rent $1,700

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Carol Poh • Pacific Reliance
Bought with Carol Poh • Pacific Reliance

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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