Absolutely Diamond in the Rough! This is a great opportunity for investors or handy buyers to own this 3 units property. It contains total two buildings. The main house is a classic cottage-style craftsman bungalow with 2 levels. Huge living room and dining room on 1st floor, and each room is very specious too. Owner occupies the 1st floor, estimate monthly rent at lease could be $1600 ; 2nd floor with it's own entrance, 1 tenant pays $900 per month now. This building is an old charming but needs some cosmetic repairs and updating throughout; 2 units built in 1978 with alley access, each unit has 2 car garage and fair condition inside, one unit rents for $1350 and the other one rents for $1450 now. extra space for laundry and permitted recreation room along with 2nd building. The total living is 5,277sqft on the assessor data.
It has tons of potential in the nice Alhambra neighborhood. Convenient location easy access to freeways and down town LA, walking distance to markets, restaurants, and bus stations. Alhambra school district. Substantial upside rental income potential. The possibilities of this property are endless for the right buyer. A truly great deal. Offer subject to inspection, motivated seller.