NOT LISTED FOR SALE

1420 S 2nd St Unit A Alhambra, CA 91801

Ramona Park Neighborhood
6 Beds
4 Baths
5,796 Sq Ft
8,570 Sq Ft Lot

Last Sold March 25, 2020

Last sale price $1,950,000 $336 Per Sq Ft

19 Days on Market

Highlights

  • Laundry Room
  • Ramona Elementary School Rated A-
  • Landscaped

About This Home

As of March 2020

The 2nd Street Apartments is a 6-unit investment property in the desirable city of Alhambra, CA. The apartments have a preferable unit mix of (1) 2-story, 3-bedroom 1 & 1/2-bath unit, (4) 2-bedroom 1-bath units, and (1) 1-bedroom 1-bath unit. Each unit is very spacious and the property provides a shared laundry facility with plenty of parking. This investment property has been well maintained by the same owner for over 20 years and is located in non-rent controlled Los Angeles County. The 2nd Street Apartments are a 5% Cap Rate on market and have 25% upside in rents. Positioned to be a great value add property in a strong rental market less than one block from Valley Boulevard, one of the major throughfares in Alhambra.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 11/07/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,570 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 3 Car Garage

Home Design

  • 5,796 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 5 / 20
  • Assessor Parcel Number 5357009009

Community Details

Building Details

  • Operating Expense $39,816
  • Gross Income $115,800
  • Net Operating Income $72,510

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: ALP*
  • Property Type: Residential Income
  • Parcel Number: 5357009009
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 336.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8570.00
  • Lot Size Acres: 0.1967

Multi Family

  • Gross Income: 115800.00
  • Gross Scheduled Income: 115800.00
  • Lot Size Area: 8570.0000 Square Feet
  • Net Operating Income: 72510.00
  • Number Of Units Total: 6
  • Operating Expense: 39816.00
  • Rent Control: No
  • Total Expenses: 39816.00
  • Vacancy Allowance: 3474

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 4816.06
  • Tax Lot: 5

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2020 03/25/20 Sold $1,950,000 -4.9% $336 / Sq Ft
11/07/2019 11/07/19 For Sale $2,050,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2020

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    21 Total Sales

    Gary Tolfa
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,655 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19260547

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Alhambra 91801 Ramona Park

1420 S 2nd St Unit A, Alhambra, CA

This home is located at 1420 S 2nd St Unit A, Alhambra, CA 91801 since 07 November 2019. This property was built in 1965. 1420 S 2nd St Unit A is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Alhambra High School, and Emmaus Lutheran.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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