Alhambra CA  home offered at $2,350,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

101 S Cordova Street
Alhambra, California CA 91801-4062
Sold For: $2,300,000
Listing ID: CV22217186
Price/SqFt: $444.19
Status: Closed
Sold Date: 5/31/2023
SqFt: 5,178 Sq Ft
Acres: 0.162 Acres
Year Built: 1924

101 S Cordova Street is located on South Cordova Street between East Main Street and E Commonwealth Avenue in the heart of Alhambra. The property offers walkable access to Alhambra Place, a 120,000-square-foot retail center with popular shops and restaurants. The highly convenient location offers easy access to the 10 and 210 freeway and is located near several elementary, middle and high schools. The area also offers convenient access to the San Gabriel Valley Medical Center, Cal State LA, The Westfield Santa Anita, East Los Angeles College and the Alhambra Golf Course. 101 S Cordova Street is a rare, two-story, six-unit property plus one non-conforming studio, that is situated on a ±7,075 square foot lot with a total building size of ±5,178 square feet. The property offers an excellent unit mix of one, 1-bedroom, 1-bathroom, five, 2-bedroom, 1-bathroom and one non-conforming studio averaging 739 square feet. The property has also undergone recent interior and exterior renovations. 101 S Cordova Street is a Spanish-stucco designed well-maintained property that features mature landscaping, spacious units with wall air and heating, washer and dryer hook-up, kitchen with stainless steel appliances, patios/balconies, tile and vinyl flooring, and individual parking garages. Alhambra is a city located in the western San Gabriel Valley region of Los Angeles County. It is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. 101 S Cordova Street is a prime Alhambra income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Primary Features

County: Los Angeles
Price Before Reduction: 2550000
Price Reduction Date: 2023-01-20T19:32:28+00:00
Price/SqFt: 444.19
Property Type: Residential Income
Year Built: 1924
Zoning: ALCPD*

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Cooling: yes
Cooling Type: Wall/Window Unit(s)
Fireplace: yes
Fireplace Features: Patio
Flooring: Laminate
Garage Spaces: 6
Laundry: yes
Laundry Features: Gas & Electric Dryer Hookup
Levels: Two
Stories Total: 2

External

Lot Features: 0-1 Unit/Acre
Lot Size Area: 7075
Lot Size Source: Public Records
Lot Size Square Feet: 7075
Number Of Buildings: 1
Parking Total: 6
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
View: no
View Type: None
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 601 - Alhambra

Additional

Additional Parcels: no
Community Features: Curbs
Days On Market: 187
List Agent State License: 01489184
List Office State License: 00409987
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Number Of Separate Water Meters: 1
Number Of Units Total: 7
Parcel Number: 5345024001
Senior Community: no
Year Built Source: Public Records

Financial

Cap Rate: 4.56
Electric Expense: 700
Fuel Expense: 850
Gardener Expense: 1080
Gross Multiplier: 14.67
Gross Operating Income: 155394
Gross Scheduled Income: 160200
Insurance Expense: 2542
Land Lease: no
Maintenance Expense: 7770
Net Operating Income: 107175
New Taxes Expense: 28394
Operating Expense: 48219
Other Expense: 1400
Other Expense Description: Reserves
Price Per Unit: 335714
Rent Control: yes
Special Listing Conditions: Standard
Supplies Expense: 303
Tax Block: 4
Tax Census Tract: 4810.02
Tax Lot: 1
Tax Tract Number: 481002
Total Expenses: 48219
Trash Expense: 1640
Vacancy Allowance: 4806
Water Sewer Expense: 2000

Zoning Info


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Listed by: ERICCHEN, DRE #01489184 from CB RICHARD ELLIS

Contact - Listing ID CV22217186

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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