• 27 Units in Prime Alhambra – Built in 1979 – No City Rent Control (Only Subject to AB 1482)
• Excellent Unit Mix Consisting of Almost All Two-Bedroom Units• Some Units Feature Balconies; All Units Have Central Air Conditioning and Heat, Along with Spacious Floorplans
• 14 of 27 Units Extensively Renovated• 52 Total Gated Parking Spaces
• On-Site Laundry Facility and Elevator
• Highly Walkable Alhambra Location with Convenient Access to Shopping, Dining and Everyday Services
• Centrally Located Near Downtown Alhambra, South Pasadena and Pasadena, with Convenient Access to the I-10 Freeway and Downtown Los Angeles
The Sterman Multifamily Group of Marcus & Millichap is pleased to present 2101 Vine Street, a 27-unit apartment property located in the highly desirable City of Alhambra. Built in 1979, the property sits on an approximately 30,017 square foot lot with roughly 26,886 square feet of rentable space. The unit mix consists of five (5) one-bedroom/one-bath units, thirteen (13) two-bedroom/one-bath units, and nine (9) two-bedroom/1.75-bath units. The property features fifty-two (52) gated parking spaces, an elevator, on-site laundry facilities, central air conditioning and heat, and fourteen (14) extensively renovated units.
2101 Vine Street benefits from a highly walkable Alhambra location near a wide variety of shopping, dining, and everyday conveniences. The property is centrally located near Downtown Alhambra, South Pasadena, and Pasadena, with convenient access to the I-10 Freeway and Downtown Los Angeles, providing excellent connectivity to major employment centers throughout the region.
The property presents an attractive value-add opportunity with continued rental upside and is not subject to local city rent control, operating solely under California AB 1482 regulations. With its strong unit mix comprised primarily of two-bedroom units, extensive renovations, and desirable location, 2101 Vine Street offers investors the opportunity to acquire a well-maintained asset in one of the San Gabriel Valley’s most sought-after rental markets.