The 2nd Street Apartments is a 6-unit investment property in the desirable city of Alhambra, CA. The apartments have a preferable unit mix of (1) 2-story, 3-bedroom 1 & 1/2-bath unit, (4) 2-bedroom 1-bath units, and (1) 1-bedroom 1-bath unit. Each unit is very spacious and the property provides a shared laundry facility with plenty of parking. This investment property has been well maintained by the same owner for over 20 years and is located in non-rent controlled Los Angeles County. The 2nd Street Apartments are a 5% Cap Rate on market and have 25% upside in rents. Positioned to be a great value add property in a strong rental market less than one block from Valley Boulevard, one of the major throughfares in Alhambra.
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