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3111 W. Ramona Road
Alhambra, CA 91803
Asking Price
$3.70M
Cap Rate
4.51%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 13 Units | $284,615/unit <ul><li>13-Unit Apartment Building</li><li>Built in 1954</li><li>11,778 SF Building</li><li>11,253 SF Lot (.26 Acres)</li><li>Zoned ALRPD</li><li>11 Carports with Ample Street Parking</li><li>24 On-Site Storage Lockers</li><li>All Double-Pane Windows</li><li>Partial Copper Plumbing</li><li>New Roof (2021)</li><li>New Electrical Panels</li><li>Individual Water Heaters</li><li>10%+ Rental Upside</li><li>Stable Infill Location within Established Residential Neighborhood</li></ul>
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NOI
$80,000
Cap Rate
2.16%
DSCR
0.36
Underwater
Cash-on-Cash
-12.58%
Monthly Payment
$18,305.581
Annual Cash Flow
$-139,666.975
