225 Palmetto Drive

Alhambra, CA 91801

$4,999,988
Price
—
Beds
11,110 Sq. Ft.
$450 / Sq. Ft.
11,110
Sq. Ft.
$450
per Sq. Ft.
a view of outdoor space
a picture of city view
a picture of city view
an aerial view of a city with houses
a view of house with outdoor space and street view
a view of a back yard of the house
front view of a house with a yard and palm trees
a view of a street with houses
a picture of houses with outdoor space
a view of a house with a yard and sitting area
a view of a house with a balcony
a view of roof deck with furniture
a view of city from balcony
a view of a house with entertaining space
a view of a house with a street
a view of a house with entertaining space
a view of outdoor space with seating area
a car parked in front of house
a car parked in garage
a living room with furniture gym equipment and a flat screen tv
a living room with furniture and wooden floor
a kitchen with refrigerator and chairs
a kitchen with a sink stove and refrigerator
a bedroom with a bed and a chandelier
a bedroom with a bed and a chandelier
a picture of a black and white wall

Description

Cindy Chin Realty Int’l is proud to exclusively present an exceptional commercial investment opportunity at 225 Palmetto Drive, Alhambra, CA. This multi-family property is a 15-unit residential building that stands as a testament to prime real estate for savvy investors. Comprising a diverse array of meticulously designed units, including 1-bedroom, 2-bedroom, and 3-bedroom layouts, this property offers a comprehensive range of housing options. Each unit ensures tenant satisfaction and consistent...Cindy Chin Realty Int’l is proud to exclusively present an exceptional commercial investment opportunity at 225 Palmetto Drive, Alhambra, CA. This multi-family property is a 15-unit residential building that stands as a testament to prime real estate for savvy investors. Comprising a diverse array of meticulously designed units, including 1-bedroom, 2-bedroom, and 3-bedroom layouts, this property offers a comprehensive range of housing options. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, this investment boasts a robust cash flow potential that promises substantial returns. Priced at an attractive $333,333 per unit, this investment represents an unparalleled opportunity to tap into the real estate market. The combination of its prime location, diverse unit offerings, full occupancy, and meticulous renovation makes it a strong contender for those seeking stable, long-term income. Positioned in the heart of Alhambra, this investment promises not only immediate returns but also capital appreciation over time. With a strategic focus on cash flow, 225 Palmetto Drive offers an exceptional prospect for investors who recognize the potential in this remarkable property. Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns and lasting value. Contact us today to seize this lucrative investment opportunity.
  1. Listed by Cindy Chin • DRE #01921826 • Brokerage DRE #01921826 • Cindy Chin Realty • 949.698.0117

Property Details for 225 Palmetto Drive

Total Units
15.0
Lot Size Source
Assessor
Building Area Total
11110
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
5347004016
Area
Alhambra (601)
LISTING UPDATED: 06/09/2024 12:21 PM

Property Details for 225 Palmetto Drive

StatusActive
MLS #OC23107462
Days on Market455
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1963
Lot Size0.38 AC / 16,570 SF
CountyLos Angeles County

Building Information for 225 Palmetto Drive

Stories2Residences-Year Built1963Building Size-Lot Size0.38 AC / 16,570 SF

Property Information for 225 Palmetto Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $382,800
  • Net Operating Income: $320,000
  • Laundry Income: $6,000
  • Other Income 1: $13,200
  • Cap Rate: 5.5
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 600
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Market Rent $1,800
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Area: 835
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Market Rent $2,300 ($2,500 for unit with balcony)
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Area: 1065
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: Market Rent $3,000
Unit Information
  • Number Of Units Leased: 15

Property History for 225 Palmetto Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 225 Palmetto Drive

Taxable ValueLand$2,712,669Additions$1,811,554Total$4,524,223
Tax Record2024$57,316 ($4,776 / month)
Home Facts
Total Finished SqFt11,110 SqFtAbove Grade Finished SqFt11,110 SqFtLot Size16,570 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningALRPD*CountyLOS ANGELESAPN5347-004-016

Schools near 225 Palmetto Drive

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Martha Baldwin Elementary School
Public - K to 8
Alhambra High School
Public - 9 to 12
Century High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
Rating
School
Distance
Martha Baldwin 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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More information about 225 Palmetto Drive, Alhambra, CA 91801

225 Palmetto Drive is a multi-family home for sale in Alhambra, CA 91801. This property was listed for sale on July 22, 2023 by Cindy Chin Realty, it's currently listed at $4,999,988. It has been on the market for a total of 455 days and was last sold on October 25, 2019. This listing's school district is Alhambra Unified School District. Nearby schools include Martha Baldwin Elementary School, Alhambra High School and Century High School. 225 Palmetto Drive is a 0-bed, 0-bath, 11,110 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cindy Chin Realty, Cindy Chin, DRE #01921826

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.