$6,383,069*
●
Multifamily -
Off Market
225 Palmetto Dr
Alhambra, CA 91801
Studio
0 Bath
$3,942,000 - $4,818,000
Reference Base Price*
45.73%
Since Nov 1, 2019
CA-Los Angeles
Primary Model
About This Property
We're pleased to present the rare opportunity to acquire a 15-unit
multi-family investment in Alhambra, California. The property is
located at 225 Palmetto Drive, Alhambra, one of the most desirable
city in Los Angeles County. This medium-sized multi-family Asset
located in a market with solid demographics and unique
accessibility to major employment hubs, providing access to a
growing number of retail and restaurant amenities. The spacious
unit mix consists of 7 one-bedroom/ one-bath units, 7
two-bedroom/one-bath units, and 1 three-bedroom/ two-bedroom unit.
This property offers upscale for investors to invest an asset with
well-maintained condition. Seven units have been fully renovated.
Ideal for 1031 exchange with potential upside. 4.47% IN PLACE CAP
RATE IN ALHAMBRA.
Unit Size
-
Days on Market
-
Land Size
16,552.80 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1963
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2019 | No longer available | - | |
| No longer available | |||
| Oct 25, 2019 | Sold | $4,218,000 | |
| Sold | |||
| Aug 20, 2019 | Relisted | $4,380,000 | |
| Relisted | |||
| Aug 18, 2019 | No longer available | - | |
| No longer available | |||
| Apr 17, 2019 | Listed | $4,380,000 | |
| Listed | |||
Property Highlights
225 Palmetto Dr
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
10/03/2022
|
|
Studio
|
-
|
-
|
$5,550,000
Studio
-
|
-
-
|
-
|
Grady Liu
MacroReal Inv Grp Inc.
|
|
04/17/2019
|
|
Studio
|
-
|
-
|
$4,380,000
Studio
-
|
$4,218,000
-3.70%
10/25/2019
|
-
|
Jared Leung
|
|
04/26/2018
|
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
-
|
Building Info
