Alhambra, CA 91801 120 W Grand Avenue
$6,000,000
26 more
Presented By: Matt Cuong Ly with Coldwell Banker Realty; matt.ly@cbcnrt.com
- MLS# AR25081428
- 04/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 38
Baths • 4
SQFT • 23,237
Home Details
Discover an exceptional investment opportunity in North Alhambra, CA, with this 18-unit apartment complex plus an approved, ready-to-build 1-unit ADU, just two blocks from vibrant Downtown Alhambra. Featuring spacious units with large balconies, 38 subterranean parking spaces, central air, updated plumbing, and an elevator, this secured building offers modern comfort and significant upside potential. Perfectly situated within walking distance to City Hall, shopping, restaurants, and parks, this property combines prime location with convenience, making it an ideal choice for savvy investors or developers looking to capitalize on Alhambra’s thriving market.
Presented By: Matt Cuong Ly with Coldwell Banker Realty; matt.ly@cbcnrt.com
Interior Features for 120 W Grand Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesBalcony, FrenchDoorsAtriumDoors
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 120 W Grand Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.8
Carport Spaces38.0
Carport Y/NYes
CityAlhambra
Community FeaturesUrban
CoolingCentralAir
CountyLos Angeles
Directions2nd St & Grand Ave.
Electric Expense2400.0
Electric On Property Y/NNo
Entry LocationFront
Facing DirectionNorth
Fuel Expense6000.0
Garage Spaces0.0
Garage Y/NNo
Gross Income5000.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense8344.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet17517.0
Lot Size UnitsSquareFeet
MLS Area601 - Alhambra
MaintenanceExpense22800.0
MobileHomeRemainsYNNo
Net Operating Income287778.0
New ConstructionNo
Number Of Units Total18
Number of Units Leased18
Operating Expense133946.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot14
Taxes$75,000
Tenant PaysElectricity
Total Actual Rent33801.0
Trash Expense4400.0
ViewMountains
Water Sewer Expense4400.0
Waterfront Y/NNo
Year Built1971
Year Built SourceAssessor
ZoningALRPD*
Exterior for 120 W Grand Avenue
Building Area Total23237.0
Crops Included Y/NNo
Door FeaturesAtriumDoors
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.4021
Lot Size Area17517.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters19
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking38.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate