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$825,000

Est. payment - /mo

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3 Beds

3 Baths

1,536 SqFt

New

1616 Cherry Lane Alhambra, CA 91803

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Richard Combs

[email protected] +1(619) 838-9307

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $537

MLS Listing ID CV25203576

Bedrooms 3

Full Baths 3

Year Built 1925

Property Sub-Type All Other Attached

Property Description

We are pleased to present the opportunity to acquire 1616 Cherry Lane, an attractive triplex property located in the highly desirable San Gabriel Valley submarket of Alhambra, California. Constructed in 1925, the property is situated on a well-maintained 5,497 square-foot lot with a total building size of 1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the propertys appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for invest

Location

State CA

County Los Angeles

Zoning ALRPD*

Direction Merge onto I-10 W, Take exit 23A to merge onto S Atlantic Blvd, Turn left onto W Norwood Pl, Turn right onto S Olive Ave, Turn left onto Valley Blvd, Turn right onto Marguerita Ave, Turn left onto W Shorb St, Turn right

Interior

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Garage Spaces 3.0

View Y/N Yes

Water Access Desc Public

View Mountains/Hills

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 5350029003

Special Listing Condition Standard

Listed by Eric Chen CB RICHARD ELLIS

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

1616 Cherry Lane Alhambra, CA 91803

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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1616 Cherry Lane