218 N Bushnell AVE Alhambra, CA 91801

Vacant craftsman-style triplex located in prime north Alhambra, just north of the great retail along popular Main Street and minutes from Target, Costco, Fosselman's Ice Cream and more! Property appraised on 05/08/19 at a value of $1,250,000 and consists of a 2-story structure with a total of 3,390 SF, which differs from public records (2820 sf.) The building has 3 residential apartments as follows: (1) 2 bed 1 bath, (1) 1 bedroom 2 baths, and (1) 1 bedroom 1 bath unit, for a total of 4 bedrooms and 4 bathrooms. Public records show a total of 4 bedrooms and 3 baths. There is an attached common laundry room. Parking for this property is a 2-car carport and 1 uncovered stall. According to the appraiser, the Alhambra city zoning map shows the designation allows for the 'low density development of up to 5 residential units'. Also according to the appraiser, the market rent survey suggests that the property has forecasted income of approximately $4950 @month, or $59,400 gross. Subject property is in need of major renovation and may not qualify for financing. Amazing potential!