217 221 Atlantic Boulevard Alhambra, CA ^$ 3,750,000

217 221 Atlantic Boulevard

^$ 3,750,000

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217 221 Atlantic Boulevard

Alhambra, CA, 91801

^$ 3,750,000

Bedrooms17 Baths7.0 Sq 6,604

Monthly Estimate*

^$ 26,195

Listed by Lee & Associates

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Multi-Family Home for sale in Alhambra, CA

for $3,750,000 with 17 bedrooms and 7 full baths. This 6,604 square foot home was built in 1949 on a lot size of 0.3444.

Atlantic Apartments is an immaculately remodeled 12-unit apartment community located in Alhambra, California. Set amid lush surroundings on a 15,000 square foot lot, the 6,604 square foot property offers one- and two-bedroom apartment homes. Built in 1928 and 1949 respectively, the property offers an excellent community that offers you a wide variety of nearby attractions. * 2019-2020 Renovations Completed * Turn Key Investment Opportunity * Safe Residential Neighborhood * Excellent Tenant Base * Highly Walkable Neighborhood

Multi-Family Pending

Price

^$ 3,750,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.3444

Year Built

1949

Town/City

Alhambra

County/Region

Los Angeles

MLS | Web ID

SR24023887

Days on Market

103

Features

General

Sewer PublicSewer

HOA 0.0

Garage Spaces 2.0

Pool Features None

Year Built 1949

Tenant Pays CableTV Electricity Gas

Property SubType Apartment

Gross Income 269100.0

Community Features Biking Curbs Gutters StormDrains StreetLights Sidewalks Urban

County Los Angeles

Net Operating Income 182394.0

Operating Expense 78633.0

Insurance Expense 7200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Drive by Only. Fully Occupied.

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions Atlantic Blvd

City Alhambra

Entry Location Street

View Y/N N

Senior Community Y/N N

Open Parking Spaces 7.0

Total Units 12

MLS Area 601 - Alhambra

Lot Size Square Feet 15000.0

Private Pool N

Waterfront Y/N N

Carport Spaces 6.0

Carport Y/N Y

Street Name Atlantic

Listing Terms Cash CashtoNewLoan Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 2400.0

Home Warranty Y/N N

Fuel Expense 1200.0

Trash Expense 4000.0

Water Sewer Expense 5186.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 98

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 1

Property Sub Type Additional Apartment

Taxes 46875.0

Cap Rate 4.86

Exterior

Parking Features Assigned

Lot Features FrontYard

Water Source Public

Total Parking 15.0

Lot Size Area 15000.0

Number of Buildings 2

Spa N

Building Area Total 6604.0

Lot Size Acres 0.3444

Lot Size Units SquareFeet

Lot Size Source Assessor

Pool Charge 0.0

Number of Separate Water Meters 1

Number of Separate Gas Meters 13

Number of Separate Electric Meters 13

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Boulevard

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 217

* Excluded Features

List By

Lee & Associates

Broker

(818) 986-9800

Phone

Affordability Calculator

$26,195

Per Month

Monthly Principal & Interest: $26,195
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly 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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Nearby

Trends
Schools

Multi-family listings in Alhambra, CA

Average List Price ^$2,119,567

Percent of Sale Price 43%

About Alhambra, CA

85,595 Population

1% Since 2002

^$56,913 Median Income

40.88 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/2/2024	$3,750,000		Listed Price

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217 221 Atlantic Boulevard, Alhambra, CA, 91801 is a Multi-Family Home for sale at $3,750,000 with 6,604 sqft and a lot size of 0.3444. 217 221 Atlantic Boulevard has 17 bedrooms, 7.0 baths, and was built in 1949. The property's zip code is 91801 which is in Alhambra, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. 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.

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217 221 Atlantic Boulevard

Multi-Family Home for sale in Alhambra, CA

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