Alhambra, CA 91803,2617 W Norwood PL

$920,000

$980,000

6.1%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,652 SqFt


SOLD DATE : 10/23/2023

Key Details

Sold Price $920,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,652 sqft

Price per Sqft $556

MLS Listing ID WS23118046

Sold Date 10/23/23

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1949

Lot Size 7,875 Sqft

Property Description

Attention investors and buyers! We are delighted to present a highly convenient location duplex with exceptional features. Each unit consists of 1 bedroom and 1 bathroom. The seller recently completed renovations in 2021, ensuring a fresh and updated appeal.

Both units boast excellent tenants, making this investment even more appealing. The front unit (2617) has recently signed a one-year lease starting on 02/15/2023. The back unit (2619) is currently under contract and their lease is set to expire on 10/13/2023. Each unit is leased for $2000 per month, resulting in a total monthly income of $4000.

Not only are the tenants cooperative and pleasant to communicate with, but they also consistently pay their rents on time, adding to the desirability of this property. Furthermore, the seller has obtained permits and designed a project approved by the city. The project includes two significant aspects:

1. Converting the existing 629 sqft garage into a spacious 982 sqft unit.
2. Rebuilding a 456 sqft 2-car garage.

To provide you with a comprehensive overview, the project design drawings are included in the sales package. This investment opportunity offers both immediate rental income and the potential to further enhance the property's value through the approved project!

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALR1YY

Rooms

Main Level Bedrooms 1

Interior

Interior Features Bedroom on Main Level

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Alhambra

Others

Senior Community No

Tax ID 5351010014

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ISAIAH YANG • KW Executive
Bought with STEVEN JIANG • KW Executive
agent-avatar

+1(949) 753-7888

careerservices@homesmartegr.com

9901 Irvine Center Dr, Irvine, CA, 92618

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