1201 W Woodward, Alhambra, CA 91801
- $1,249,000
- List Price
- $1,249,000
- Status
- ACTIVE
- MLS#
- WS26166569
- Year Built
- 1951
- Lot Size
- 8,357
- Acres
- 0.19
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
Property Description
Stabilized triplex in the heart of Alhambra — 100% occupied, zero collection risk. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units generating $6,925/month ($83,100/yr) in owner-verified gross income. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts — rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. Cap rate 5.12% | NOI $63,970 | GRM 15.03. Annual 4% rent increases each April on Section 8 units. No local rent control — Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. A true set-it-and-forget-it income asset in one of Southern California's most resilient appreciation markets.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $83,100
- Operating Expense
- 19130
Listing courtesy of Listing Agent: RENALDO SUDIBYA (renaldos888@hotmail.com) from Listing Office: IRN REALTY.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.