Matthews Logo

Navigation Menu

1712 S 2nd St, Alhambra, CA, 91801

1712 S 2nd St

$1,800,000

Key Information

Cap Rate
3.95%
$ per SF
$547
Tot. SF
3,290
Lot Size
0.2 Acres
$ per unit
$257
Units
7
Year Built
1949
Type
Apartments
NOI
$71,050

Highlights

• Matthews™ is pleased to present the opportunity to acquire a seven-unit multifamily property located at 1712 S 2nd St in Alhambra, California.
• Built in 1949, the property consists of approximately 3,290 square feet situated on an 8,661-square-foot lot, featuring Two 2-Bed 1-Bath, Two 1-Bed 1-Bath, and Three Studio units.
• Located in the desirable San Gabriel Valley submarket of Los Angeles County, the property benefits from its proximity to established residential neighborhoods, retail amenities, and major employment centers.
• The property is home to approximately 53,381 residents with an average household income of $113,426.
• With approximately 62.6% of occupied housing units renter-occupied, the surrounding area demonstrates an established rental housing market.
• 1712 S 2nd St offers investors an opportunity to acquire an established multifamily asset in a supply-constrained Southern California market, supported by strong surrounding demographics, an established renter base, and a desirable San Gabriel Valley location.
• Prime Alhambra Location Just ±9 Miles From Downtown Los Angeles, With Convenient Access To Pasadena, Major Employment Centers & Regional Universities

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245