225 Palmetto Drive Alhambra, CA $ 5,000,000
225 Palmetto Drive
$ 5,000,000
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225 Palmetto Drive

Alhambra, CA, 91801
$ 5,000,000
Baths0.0 Sq 11,110

Monthly Estimate*

$ 34,926

Listed by Cindy Chin Realty
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Studio

Commercial Property for sale in Alhambra, CA

for $5,000,000. This 11,110 square foot building was built in 1963 on a lot size of 0.3804.

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.

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Commercial Active

Price

$ 5,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MultiFamily

Lot Size

0.3804

Year Built

1963

Town/City

Alhambra

County/Region

Los Angeles

MLS | Web ID

OC23107462

Days on Market

339

Features
Exterior
Lot Features Item1115UnitsAcre
Water Source Public
Lot Size Area 16570.0
Spa N
Building Area Total 11110.0
Lot Size Acres 0.3804
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1963
Property SubType MultiFamily
County Los Angeles
Net Operating Income 320000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions W Mission Rd to S 4th St Left on Palmetto. Property is on the left.
City Alhambra
View Y/N N
Senior Community Y/N N
Total Units 15
MLS Area 601 - Alhambra
Lot Size Square Feet 16570.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 15
Street Name Palmetto
Listing Terms Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 52
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Property Sub Type Additional MultiFamily
Cap Rate 5.5
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Drive
Laundry Features CommonArea LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 225
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* Excluded Features
List By
Cindy Chin Realty

Broker

(877) 622-7789

Phone

Affordability Calculator

$34,926
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,926
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2023$5,000,000 Listed Price

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225 Palmetto Drive, Alhambra, CA, 91801 is a Commercial Property for sale at $5,000,000 with 11,110 sqft and a lot size of 0.3804. 225 Palmetto Drive is a studio with 0.0 baths and was built in 1963. The property's zip code is 91801 which is in Alhambra, CA