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Listed by Regency Real Estate Brokers
$ 2,900,000
Est. payment /mo
Active
201 N Atlantic Boulevard Alhambra, CA 91801
5,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $568
MLS Listing ID CROC26007472
HOA Y/N No
Year Built 1928
Lot Size 0.367 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public