22 North Electric Avenue
$2,480,000
9
5
3,840
3,840
$646
Description
We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them...We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market. This property offers unparalleled flexibility in a high-demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
- Listed by Fay Xu • DRE #01947800 • Brokerage DRE #02121645 • Universal Elite Realty • Realtorfay@hotmail.com
Property Details for 22 North Electric Avenue
Parking Spaces Total
5
Private PoolNo
Total Units5.0
Building TypeDetached
Lot Size SourceSeller
Living Area3840
Assessor Parcel Number5338-012-007
Property Attached YNfalse
LISTING UPDATED: 11/19/2024 03:20 AM
Property Details for 22 North Electric Avenue
Status | Active |
---|---|
MLS # | AR24172997 |
Days on Market | 114 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
County | Los Angeles County |
Building Information for 22 North Electric Avenue
Building/Complex22 N Electric AveFloor-Stories2Residences-Pet Policy-Year Built1948Building Size-
Property Information for 22 North Electric Avenue
Property History for 22 North Electric Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 22 North Electric Avenue
Taxable ValueLand$1,122,000Additions$816,000Total$1,938,000
Tax Record2024$24,461 ($2,038 / month)
Home Facts
Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtLot Size7,619 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningALP*CountyLOS ANGELESAPN5338-012-007
Schools near 22 North Electric Avenue
This home is within Alhambra Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Park Elementary School PublicK to 8 | ||
Alhambra High School Public9 to 12 | ||
Century High School Public9 to 12 | ||
Independence High (Alternative) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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