ABOUT THE ASSET

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$1,825,000

$304,167

$44.14

26.36

15.06

1.46%

3.99%

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6

1988

4,137

10,741

5338-032-017

SUMMARY

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Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

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Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION

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Bridge Investment Group is proud to present 109 N 5th St in Alhambra. Located in one of the most highly sought-after locations, the asset has been well maintained and is a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.

The property is a 6-unit apartment built in 1988 comprised of three 1 bedroom/1 bathroom and three 2 bedroom/2 bathrooms units. The building is 4,137 square feet sitting on a large lot of approximately 10,741 square feet. The foundation is concrete slab and the roof is pitched composition shingle.

The owner built this property in 1988 and is still owned by the same family. Each unit is individually metered for gas and electricity and comes with a two car parking garage. There is an additional 2 car tuck under parking for a total of fourteen spaces. There is central air conditioning and heat in each unit. There is one water heater as well as laundry on site for the tenants, one washer and one dryer on lease from “Wash”. The owner has not been aggressively pushing the rents and all of the tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.

PROPERTY HIGHLIGHTS

• Can be Sold Separately or Combined with 109 N. 5th St.

• Prime Central Alhambra Location

• First Time on the Market in Over 30 Years

• ± 75% Upside in Rents

• 82 Walk Score (Very Walkable)

• Non Rent Control Area