1715 S 5th Street, Alhambra

$4,500,000

0 Beds
0 Baths
13,303 Sqft
0 Garages

Le Chateau-1715 S 5th St. is an attractive 14-unit NON-rent-control value-add apartment community located in the desirable City of Alhambra, CA. The property is in a very desirable location just 2 blocks south of Valley Boulevard retail corridor and one block from Alhambra elementary school. This offering provides an excellent investment opportunity for investors to operate and cash flow the property from the start. The property has a very low vacancy history due to its convenient and strategic location. The property is a two-story well-maintained garden style apartment that was built in 1966. It has a large living area of 13,303 sqft (average ±950 sqft per unit) and situated on a 15,458 sqft lot. It has secured entrance and garage parking. It offers an entryway with a central garden area complete with water fountain and lush landscaping. It offers an excellent unit mix of three (3) x 2bedroom+2bathroom, seven (7) x 2bedroom+1bathroom, three (3) x 1bedroom+1bathroom, and one (1) x studio units. The front unit is an oversized 2bedroom+2bathroom unit (estimated size: ±2,000 sqft) complete with hardwood floor, custom color paint, built-in cabinetry, floor-to-ceiling linen closets, walk-in closets, en-suite bathroom, fireplace, and private patio. Other units are large with good layout and plenty of storage cabinets, windows A/C, wall heating, tiled bathroom, and kitchen. Four units have private balcony/patio area. Five units have been updated with new hardwood flooring.

Essential Information
MLS® #AR19161081
Price$4,500,000
Square Footage13,303
Acres0.35
Year Built1966
TypeResidential Income
StatusActive
Community Information
Address1715 S 5th Street
AreaAlhambra (601)
CityAlhambra
CountyLos Angeles
StateCA
Zip Code91803
Amenities
Parking Spaces20
Interior
AppliancesGas & Electric Range
HeatingWall Heater
CoolingWall or Window Units
FireplaceYes
# of Stories2
StoriesTwo
Lot Description

36-40 Units/Acre, Lot-Level/Flat, Lot Shape-Rectangular, Lot 10000-19999 Sqft, Corner Lot, Near Public Transit

Additional Information
Date ListedJuly 8th, 2019
Days on Market129
ZoningALRPD*
Listing Details
AgentHandoko Chen(01749321)
OfficeGIG Real Estate Inc.
Property History
Price Reduced from $4,850,000 to $4,500,000
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. 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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