tomo logo

$988,888

Beds
8
Baths
3.0
sq ft
2,870

5501 Alhambra Ave, Los Angeles, CA 90032

5501 Alhambra Ave

Los Angeles, CA 90032

  • 75 days on market
Step into a piece of history with this charming mixed-use property 5501 and 5505 Alhambra Ave nestled in the heart of historic El Sereno. Offering a unique blend of commercial and mixed use, this property presents an exceptional opportunity for investors and homeowners alike. This property enjoys a prime location with convenient access to local shops, restaurants, and cultural attractions. Embrace the rich heritage of the area while being just moments away from the bustling city life of Los Angeles. The property features Two APN'S 5220-023-014 & 5220-023-015 Sold Together in this same listing four residential living units, offering a total of 2,870 square feet of living space and 2,740 square feet lot. Two units boast 2 bedrooms and 1 bathroom each, providing comfortable living quarters for residents. Another unit offers 3 bedrooms and 1 bathroom, 5 Electrical and Gas Meters. Perfect for larger households seeking ample space. Additionally, a detached unit provides privacy with 1 bedroom and 1 bathroom, ideal for rental opportunity. A storefront commercial space APN 5220-023-015 comprising 370 square feet and 5,167 square feet lot presents endless possibilities for entrepreneurs and small business owners. Whether you envision a boutique shop, cafe, or office space, this area offers the perfect canvas to bring your vision to life. This property offers excellent income potential for investors seeking to capitalize on the demand for properties in the area.

Details

Property type

Mixed Use

Lot size

2,740 sq ft

Price per sq ft

$345

Year built

1933

Price History

05/29/2024
CRMLS

CRMLS #CV24075991

Listed
$988,888
05/18/2024
CRMLS

CRMLS #CV24075991

Removed
$988,888
05/17/2024
CRMLS

CRMLS #CV24075991

Listed
$988,888

Schools & Community

Neighborhood: 

El Sereno

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Community Commerce Bank

Loan start date

September 1999

Original loan amount

$122,000

Est. remaining balance

Not provided

Interest rate

7.58%

Loan type

Seller take-back

Seller

Jeffrey Clayton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/01/2024 at 10:35 AM

Listing updated: 05/31/2024 at 10:13 AM

Listed by: Laura Ruvalcaba, RE/MAX TOP PRODUCERS Phone #: (909) 590-8853

MLS: CRMLS #CV24075991

CRMLS logo

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