1342 Edgewood

Description

Prime 5-Unit Investment Opportunity | Alhambra, CA**Exceptional Income Property with Long-Term Upside**Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:Four 2-bedroom, 2-bath unitsOne 1-bedroom, 1-bath unitAll units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.Additional highlights include:Leased on-site laundry room providing some supplemental incomeStrong, established rental marketConvenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los AngelesExcellent commuter location with nearby public transportationPro forma rental projections reflecting market rates at the time of listingPotential for additional development or expansion (buyer to verify with the City of Alhambra)Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.