$10,000 Closing Credit¹
#WS25003477, KEVIN LUTZ, Listing Office: Keller Williams Realty/Pasadena
$10,000
closing credit¹
22 N Electric Ave Alhambra, CA 91801
$2,480,000 List price
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 22 N Electric Ave
We are 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. 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.
Highlights
Home typeCondominium
StatusActive
Lot size0.175 Acres
Year built1948
MLS #AR24172997
Garage5 spaces
Summary
- MLS Number: AR24172997
- MLS Name: CRMLS
- Office Name: Universal Elite Realty
- Office Email: Realtorfay@hotmail.com
- Listing Agent: Fay Xu
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,480,000
22 N Electric Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 30, 2023 | Home Sold | $1,900,000 |
| Mar 05, 2020 | Home Sold | $1,800,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,938,000 | $24,460 |
| 2023 | $1,892,119 | $24,122 |
| 2022 | $1,855,019 | $22,977 |
| 2021 | $1,818,647 | $22,745 |
| 2020 | $420,545 | $6,599 |
| 2019 | $412,300 | $6,532 |
| 2018 | $404,217 | $6,408 |
| 2017 | $396,292 | $6,408 |
History based on county public records data.
Nearby schools
7
Sierra Vista Elementary
Public District KG-6
1.2 mi
•4342 Alpha St
9
Marengo Elementary School
Public District KG-5
1.3 mi
•1400 Marengo Ave
8
Monterey Hills Elementary School
Public District KG-5
1.6 mi
•1624 Via Del Rey
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,569. The majority of Alhambra, CA residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
46%
<35k
42%
35k-100k
10%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
13%
Single, with Kids
22%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
30%
18-34 yrs old
42%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Bloomingdales
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Chipotle
What do the neighbors drive?
Audi
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 22 N Electric Ave
This home is located at 22 N Electric Ave in Alhambra, CA and zip code 91801 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $2,480,000.
Alhambra, CA housing market in January 2025 saw over 13 listings sold above listed price, more than 6 sold at listed price and over 7 sold below. In January 2025 in Alhambra, CA there were 1.3% less homes for sale than in December. While the average time on the market in January 2025 was 47 days, the median list price was $880,000.
From Rocket Homes Real Estate and based on county public records data.