Skip To Content

    328 N Curtis Ave

    Alhambra, CA 91801
    • $1,695,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 21-712812
    UPDATED: 39 min ago
    $1,695,000
    • 8
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,100
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:
    Area:

    School Ratings & Info

    Description

    The property was built in 1917/1959 and offers a strong unit mix of one two-bedroom/one-and-a-half-bathroom single-family residence, two two-bedroom/one-bathroom units, and two one-bedroom/one-bathroom units. The single-family residence will be delivered vacant at close of escrow, which offers a new investor immediate value-add potential by repositioning the unit with a thorough renovation strategy to achieve market rent. The property offers five covered carport parking spots (no soft-story retrofit required), on-site laundry, and individual water heaters for each unit. It is also individually metered for gas and electricity and the single-family residence offers a basement. The units utilize wall air conditioning units and the single family residence also offers central heating. The property also benefits from extensive improvements. On-site laundry just received a new washer and dryer unit, the property was recently repainted three years ago, and the pitched roof on the two-story building was replaced six years ago as was the sewer line. This saves a new investor thousands in capital expenditures.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/115639913
    Print Image

    328 N Curtis Ave Alhambra, CA 91801

    • Price: $1,695,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 21-712812
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,100
    SQFT
    $413
    $/SQFT
    1917
    Built
    Neighborhood:
    Alhambra
    County:
    Los Angeles
    Area:
    Alhambra
    Property Description
    The property was built in 1917/1959 and offers a strong unit mix of one two-bedroom/one-and-a-half-bathroom single-family residence, two two-bedroom/one-bathroom units, and two one-bedroom/one-bathroom units. The single-family residence will be delivered vacant at close of escrow, which offers a new investor immediate value-add potential by repositioning the unit with a thorough renovation strategy to achieve market rent. The property offers five covered carport parking spots (no soft-story retrofit required), on-site laundry, and individual water heaters for each unit. It is also individually metered for gas and electricity and the single-family residence offers a basement. The units utilize wall air conditioning units and the single family residence also offers central heating. The property also benefits from extensive improvements. On-site laundry just received a new washer and dryer unit, the property was recently repainted three years ago, and the pitched roof on the two-story building was replaced six years ago as was the sewer line. This saves a new investor thousands in capital expenditures.
    Exterior Features

    Covered Parking 5 Lot Size Area 9070 Other Structures None Parking Garage Carport Attached Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 614418 Gross Income 78180 Gross Operating Income 76435 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 40116.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 36318 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning R-3

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260