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About This Home
This 0-bedroom, 0-bathroom commercial at 201 N Atlantic Boulevard in Alhambra, CA is listed for $2,500,000 ($490 per sqft). Built in 1928, the home offers 5,100 sqft of living space on a N/A lot.
Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel.
Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify).
Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Key Features
- Built in 1928
Property Details
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
201 N Atlantic Boulevard
Alhambra, CA 91801
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 201 N Atlantic Boulevard is listed at $2,500,000 ($490/sqft). The estimated monthly payment is $10,833 based on 20% down at 6.5% interest.
Key features include: Built in 1928.
This property is listed by Stephen Shloss and can be reached at 9492921323 or steve@thecastlerealestategroup.com.