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$2,480,000
119 Days On Site

22 N Electric Avenue
Alhambra, CA 91801

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,840
SqFt
$646
/SqFt
1948
Built
County:
Los Angeles
Listed by Fay Xu of Universal Elite Realty [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

22 N Electric Avenue22 N Electric Avenue22 N Electric Avenue22 N Electric Avenue
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We are delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market. This property offers unparalleled flexibility in a high-demand rental market. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.

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Listing Snapshot
Price 
$2,480,000
Days On Site 
119 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,840 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.175 Acres
Year Built 
1948
MLS® Number 
AR24172997
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoPrice changed to $2,480,000
2 months agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
0.175
Garage 
Yes
Garage Spaces 
5
Number Of Stories 
2
Parking Spaces 
5
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3840
Stories 
Two
Water Source 
Public
Zoning 
ALP*
Interior Features
Appliances 
DryerWasher
Laundry Features 
In Kitchen
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Exterior Features
Lot Features 
Rectangular Lot
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Sidewalks
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
601 - Alhambra


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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