Seller's Agent in 2025
Allison Huang
RE/MAX
(626) 641-7678
38 Total Sales
SOLD JUL 28, 2020
RENTED MAY 1, 2025
1024 S Atlantic Blvd Alhambra, CA 91803
Carpenter-Nathanson Neighborhood
6
Beds
4
Baths
13,093
Sq Ft
0.39
Acres
Highlights
- 0.39 Acre Lot
- Property is near public transit
- Cooling System Mounted To A Wall/Window
- Ramona Elementary School Rated A-
- No HOA
- Laundry Room
About This Home
As of July 20201024 S Atlantic Blvd, Alhambra is a 17-unit value-add apartment with significant rental upside potential in a very strong rental market of West San Gabriel Valley. The property is uniquely situated several blocks from the burgeoning and renown Valley Blvd and the recently completed Atlantic Times Square – a local shopping mall complete with AMC Theater. Due to its convenient location several blocks from Valley Blvd, this property provides excellent access to myriad of restaurants, shopping, and most of the amenities the City of Alhambra has to offer. It is also close to many public transportations and is just minutes away from FWY 10 for convenient access to other parts of Los Angeles such as Downtown LA, FWY 710, and FWY 5.
The property is a garden style apartment that was built in 1960 and situated on a ±17,143 sqft lot. It has center courtyard and offers excellent unit mix of one 3bed+2bath, eight 2bed+1bath, and eight 1bed+1bath units. Most of the tenants are long-time tenants and the current rental income are significantly below market.
Each unit is separately metered for electricity and gas and parking is provided by 17 parking spaces in the back. Most of the units have upgraded double pane windows, windows A/C, wall heating, ceiling fans and other amenities. Many units have an updated flooring with granite kitchen countertops and mirrored closet doors, and tiled bathroom.
Last Agent to Sell the Property
GIG Real Estate Inc. License #01749321 Listed on: 02/25/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.39 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
Home Design
- Apartment
Interior Spaces
- 13,093 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 17 Parking Spaces
- 17 Detached Carport Spaces
- Parking Available
- Assigned Parking
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 7 / 19
- Assessor Parcel Number 5350015005
Community Details
Overview
- No Home Owners Association
- 17 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- 17 Leased Units
- Rent Control
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,073
- Fuel Expense $6,334
- Gardener Expense $1,943
- Insurance Expense $4,506
- Trash Expense $4,800
- Water Sewer Expense $7,449
- New Taxes Expense $53,366
- Operating Expense $94,868
- Gross Income $285,120
- Net Operating Income $181,698
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Rented | $2,200 | +18.9% | -- |
| 04/30/2025 04/30/25 | Off Market | $1,850 | -- | -- |
| 04/29/2025 04/29/25 | For Rent | $1,850 | +19.4% | -- |
| 05/20/2022 05/20/22 | Rented | $1,550 | 0.0% | -- |
| 05/17/2022 05/17/22 | Off Market | $1,550 | -- | -- |
| 05/02/2022 05/02/22 | For Rent | $1,550 | 0.0% | -- |
| 07/28/2020 07/28/20 | Sold | $4,000,000 | 0.0% | $306 / Sq Ft |
| 07/14/2020 07/14/20 | Off Market | $4,000,000 | -- | -- |
| 07/09/2020 07/09/20 | For Sale | $4,550,000 | 0.0% | $348 / Sq Ft |
| 07/03/2020 07/03/20 | Pending | -- | -- | -- |
| 05/18/2020 05/18/20 | Price Changed | $4,550,000 | -7.1% | $348 / Sq Ft |
| 02/25/2020 02/25/20 | For Sale | $4,900,000 | +43.1% | $374 / Sq Ft |
| 06/08/2015 06/08/15 | Sold | $3,425,000 | -8.7% | $262 / Sq Ft |
| 04/27/2015 04/27/15 | Pending | -- | -- | -- |
| 03/25/2015 03/25/15 | For Sale | $3,750,000 | -- | $286 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
B
Seller's Agent in 2022
Brian Franklin
AGNS Realty Inc.
(818) 429-1092
3 Total Sales
-
Seller's Agent in 2020
Han Widjaja-Chen
GIG Real Estate Inc.
(626) 594-4901
44 Total Sales
-
M
Seller's Agent in 2015
Michael Matusik
Marcus & Millichap
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR20041197
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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