JUST REDUCED $40,000! Rare opportunity to purchase this triplex (3 multifamily units) at 2204 Orange Grove Ave, Alhambra. The Orange Grove Triplex is in southwest Alhambra close by Fremont Ave, bordering the city of Monterey Park. This rare 1980-built, single-family home style triplex is in a quiet and scenic residential neighborhood comprised of mostly single-family homes, great for an owner user or investor. The location provides easy access to the 10 freeway, within minutes' drive to Cal State LA, downtown LA, and the surrounding West San Gabriel Valley cities. Furthermore, the owner has consulted with a general contractor, who suggested that 3 additional ADUs including (1) 3-bedroom and (2) 2-bedroom units can be converted/added, which may allow the buyer/investor to add tremendous value by improving this property to a 6 units multifamily property and achieve a high proforma cap rate. Buyer to consult with his/her own architect/general contractor and verify with the City of Alhambra.2204 Orange Grove Ave has a total building size of +/-3,074 SF (per owner's GC measurements), sitting on a +/-7,481 SF lot. The property has a great unit mix of (1) 3 Bed / 2 Bath downstairs, and (2) 2 Bed / 1 Bath upstairs. In the back of the building accessible from the alley way Each unit has 1 or 2 garage parking, with additional parking spaces on the large driveway in the rear. The onsite laundry room generates additional income. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.The property is conveniently located with easy access to the 10, 60, and 710 freeways, with minutes' drive to Cal State LA and Downtown LA. The property is near 99 Ranch Market, Ralphs, The Alhambra shopping center, Fremont Elementary School, Alhambra High School (8 out of 10), and Granada Park.
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