24 N Electric Ave
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24 N Electric Ave
5 Unit Apartment Building $2,480,000 ($496,000/Unit) 7.95% Cap Rate Alhambra, CA 91801
Investment Highlights
- Profitable Airbnb short-term business in place
- Heavy day time traffic
- High-demand rental market
- Positive cash flow upon COE
Executive Summary
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.
Data Room Click Here to Access
Property Facts
| Price | $2,480,000 | Building Class | C |
| Price Per Unit | $496,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,840 SF |
| Cap Rate | 7.95% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,480,000 |
| Price Per Unit | $496,000 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2023 |
| Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- High Speed Internet Access
- Dining Room
- Double Pane Windows
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 708 |
| 2+1 | 4 | - | 987 |
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 5338-012-007 | Improvements Assessment | $816,000 |
| Land Assessment | $1,122,000 | Total Assessment | $1,938,000 |
PROPERTY TAXES
Parcel Number
5338-012-007
Land Assessment
$1,122,000
Improvements Assessment
$816,000
Total Assessment
$1,938,000
zoning
| Zoning Code | CPD (Commercial Planned Development) |
| CPD (Commercial Planned Development) |
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Oliver Liu -
Fay Xu -
Universal Elite, Inc
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