231 N Alhambra Ave

Golden West Property Management, is pleased to present this opportunity to acquire the fee simple interest in 231 N Alhambra Ave, Monterey Park. Situated in the heart of Monterey Park, 231 N Alhambra Ave is a professionally managed 12-unit apartment complex that presents a prime value-add opportunity for investors. The property comprises six 1-bedroom and six 2-bedroom units, providing a total of 9,290 square feet of rentable space. With current rents below market levels, there is significant potential for income growth through
strategic rent increases and targeted renovations. The upside in rent offers the opportunity to boost cashflow and overall property value, making it an attractive proposition for valueseeking investors. Each unit offers a comfortable living in a desirable area with consistent tenant demand.
The property’s location in Monterey Park is known for its cultural richness and strong community. Monterey Park is a gateway to the vibrant San Gabriel Valley, which boasts one of the largest Asian-American populations in the United States. The neighborhood offers easy access to a range of popular retail, dining, and entertainment options nearby along the Garvey Ave corridor and close-by Atlantic Blvd. The property
also allows for quick access to the 10 Freeway, providing a convenient commute for tenants to Downtown Los Angeles and beyond, while also being situated at a key interchange between the bustling San Gabriel Valley and the more urban Westside.