Active

225 Palmetto Drive

Alhambra CA, 91801

$4,999,988


$450.04 per sqft

Active

11,110 sqft

Commercial

Built in 1963

Listed by Cindy Chin with Cindy Chin Realty 949.698.0117

Cindy Chin Realty Int'l is proud to exclusively present an exceptional commercial investment opportunity at 225 Palmetto Drive, Alhambra, CA. This multi-family property is a 15-unit residential building that stands as a testament to prime real estate for savvy investors. Comprising a diverse array of meticulously designed units, including 1-bedroom, 2-bedroom, and 3-bedroom layouts, this property offers a comprehensive range of housing options. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, this investment boasts a robust cash flow potential that promises substantial returns. Priced at an attractive $333,333 per unit, this investment represents an unparalleled opportunity to tap into the real estate market. The combination of its prime location, diverse unit offerings, full occupancy, and meticulous renovation makes it a strong contender for those seeking stable, long-term income. Positioned in the heart of Alhambra, this investment promises not only immediate returns but also capital appreciation over time. With a strategic focus on cash flow, 225 Palmetto Drive offers an exceptional prospect for investors who recognize the potential in this remarkable property. Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns and lasting value. Contact us today to seize this lucrative investment opportunity.

OC23107462

MLS ID

July 22, 2023

Listed

October 17, 2024

Updated

Map

225 Palmetto Drive
Alhambra CA, 91801

Interior Features

Total Stories

2


Laundry Description

Common Area, Laundry Room


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.38 Acres


Lot Features

11-15 Units/Acre

Other Property Details

Area Name

601 - Alhambra


Days on Market

360


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No

Listing History

Date

Event

Price

6/10/2024

Price change

$4,999,988

-1%

Listing Contact: 877-622-7789 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 1:45 PM UTC

 

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