1024 S Atlantic Boulevard, Alhambra, 91803

REDUCED 7% Residential Income For Sale


MLS® #: AR20041197
Active, 92 Days on Market

1024 S Atlantic Blvd, Alhambra is a 17-unit value-add apartment with significant rental upside potential in a very strong rental market of West San Gabriel Valley. The property is uniquely situated several blocks from the burgeoning and renown Valley Blvd and the recently completed Atlantic Times Square – a local shopping mall complete with AMC Theater. Due to its convenient location several blocks from Valley Blvd, this property provides excellent access to myriad of restaurants, shopping, and most of the amenities the City of Alhambra has to offer. It is also close to many public transportations and is just minutes away from FWY 10 for convenient access to other parts of Los Angeles such as Downtown LA, FWY 710, and FWY 5. The property is a garden style apartment that was built in 1960 and situated on a ±17,143 sqft lot. It has center courtyard and offers excellent unit mix of one 3bed+2bath, eight 2bed+1bath, and eight 1bed+1bath units. Most of the tenants are long-time tenants and the current rental income are significantly below market. Each unit is separately metered for electricity and gas and parking is provided by 17 parking spaces in the back. Most of the units have upgraded double pane windows, windows A/C, wall heating, ceiling fans and other amenities. Many units have an updated flooring with granite kitchen countertops and mirrored closet doors, and tiled bathroom.

Essential Information

MLS® #: AR20041197
Price: $4,550,000
Bathrooms: 0.00
Square Footage: 13,093
Acres: 0.39
Year Built: 1960
Type: Residential Income
Status: Active

Community Information

Address: 1024 S Atlantic Boulevard
Area: Alhambra (601)
City: Alhambra
County: Los Angeles
State: CA
Zip Code: 91803


Parking Spaces: 17


Heating: Wall Heater
Cooling: Wall or Window Units
# of Stories: 2
Stories: Two


Lot Description: Lot-Level/Flat, Lot Shape-Rectangular, Level with Street, Lot 10000-19999 Sqft, Near Public Transit

Additional Information

Date Listed: February 25th, 2020
Days on Market: 92
Zoning: ALRPD*

Listing Details

Listing Agent: Handoko Chen(01749321)
Listing Office: GIG Real Estate Inc.


$/SqFt: $348

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Listing information last updated on May 28th, 2020 at 12:15am PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of May 28th, 2020 at 12:16am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.