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1902 W Grand Avenue, Alhambra, CA 91801
4
beds
4
baths
· 8740
ft2 lot
$1,488,000
Listing provided courtesy of SEAN HWANGBO, REALTY ONE GROUP WEST.
Source CRMLS.
We are pleased to exclusively present Grand Avenue Apartments located in the supply constrained City of Alhambra, California. South Pasadena/San Marino adjacent, 1902 W. Grand Avenue is a true value-add, two-story 4-unit multifamily property constructed in 1917 on a large 8,740 square foot lot. Offered for the first time in 33 years, this value-add property offers tenants three, oversized studios & one- one-bedroom unit and is well-parked with 4 carport parking spaces with side alley access. 1902 W. Grand Avenue is separately metered for electricity and is serviced by a central water heater. Located next to Alhambra Park-- property’s irreplaceable location coupled with nearby amenities have kept longer term tenants with some occupying the units for over 20 years. 1902 W. Grand Avenue presents the investor an opportunity to acquire a significant value add opportunity through renovation with rental upside potential of 50.9%.
HOA
$0/month
On market
6 months
Year built
1917
Property type
Multi-Family
Parking
8
MLS
CV20208889
Price / Sq.Ft.
ft2
Status
Active
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Based on a price of $1,488,000
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Property Details
Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 0.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Detached Carport
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 4.00
•   
Carport Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Year Built Source: Public Records
Lot Info
•   
Zoning: ALR1YY
•   
Lot Features: Lot 6500-9999
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2006
•   
Lot Size Area: 8740.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 1
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1200.00
•   
Fuel Expense: 325.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 18392.00
•   
Insurance Expense: 950.00
•   
Total Expenses: 21592.00
•   
Gross Scheduled Income: 52560.00
•   
Operating Expense: 21592.00
Tax/Assessment Info
•   
Gross Income: 52560.00
•   
Tax Year: 2020
•   
Taxes: 5698.0
Lease Info
•   
Net Operating Income: 30968.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1050.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1050.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1350.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1350.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 830.00
•   
Unit 1 Total Rent: 830.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1150.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1150.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 4
•   
Number Of Units Leased: 4
School Neighborhood & Directions
Location
•   
Community Features: Park, Sidewalks, Street Lights, Suburban
•   
Directions: East of Alhambra Park. W Grand Ave & N Raymond Ave
Other
Calculation
•   
Dom: 80
•   
Cdom: 80
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 6:29pm
Neighborhood snapshot
48
Properties for sale
11.5
Median days on market
$469.61
Median sold price/sqft
107.60%
Sold/List %
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Property History
10/12/2020
10/12/2020
CRMLS #CV20208889
active
CRMLS #CV20208889
$1,488,000
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