24 Electric Ave, Alhambra, CA 91801
5 Unit Apartment Building | $2,600,000 ($520,000/Unit) | 7.58% Cap Rate | Alhambra, CA 91801
For Sale
Active
Asking Price $2,600,000
- Property Type
-
Multifamily
- Square Feet
- 3,840 SF
Listing Contacts
Oliver Liu
Fay Xu
Property Overview
Universal Elite Commercial is delighted to present an exceptional income property opportunity in the heart of Alhambra, perfectly suited for savvy investors seeking both short-term and long-term rental potential. This fully renovated multi-family property comprises five units: one 1-bedroom, 1-bath unit with the potential to convert into a 3-bedroom, and four 2-bedroom, 1-bath units. Each unit has been meticulously updated within the last year, featuring new flooring, fresh paint, and comes fully furnished, making them perfect for Airbnb or long-term tenants, offering flexibility in a high-demand rental market.
This property offers unparalleled flexibility in a high-demand rental market, with an impressive 7% CAP rate potential. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
Check Data Room for current operating financials.
This property offers unparalleled flexibility in a high-demand rental market, with an impressive 7% CAP rate potential. Strategically located just 15 minutes from Downtown Los Angeles, it presents a unique high-growth investment opportunity. The sale includes the existing Airbnb listings for all 5 units, ensuring positive cash flow from the close of escrow. Whether you're looking to continue the thriving short-term rental operation or transition to long-term leases, this property provides unmatched flexibility in a high-demand rental market. Its central location positions it as a prime asset ahead of major upcoming events, such as the 2026 FIFA World Cup and the 2028 Olympics, ensuring a steady stream of rental income. Additionally, the property is rent control-proof, making it a secure investment in an evolving market.
Check Data Room for current operating financials.
Property Details
- Class
- C
- Year Built/Renovated
- 1948/2023
- Stories
- 2
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 5
Highlights
- Profitable Airbnb short-term business in place
- High-demand rental market
- Heavy day time traffic
- Positive cash flow upon COE
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