Closed | 18 E. Woodward Avenue

Offering Price

Sales Price

$1,790,000

Offering Highlights

Deal Highlights

Record Setting Cap & GRM. Lowest Cap Rate ever and highest Gross Rent Multiplier ever for 1950's construction in Alhambra.

Efficient Management. Successfully navigated probate court and estate for sellers.

Multiple Offers. Multiple offers generated in the first few weeks of marketing.

1031 Exchange. Completed Buyer's 1031 Exchange - from office building to multifamily.

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Close of Escrow

12/28/2018

Units

4,486

Building SF

1959

Year Built

Walk Score

$399.02

Price/SF

$298,333

Price/Unit

2.42%

Current Cap

20.72

Current GRM

4,486

Building SF

1959

Year Built

$399.02

Price/SF

Units

4,486

Building SF

1959

Year Built

Walk Score

$399.02

Price/SF

$298,333

Price/Unit

2.42%

Current Cap

20.72

Current GRM

Potential Buildable Units

4,486

Land SF

$399.02

Price/Land SF

$298,333

Zoning

1959

Year Built

Walk Score

Download Executive Summary

Property video

Property Location

Alhambra

Submarket

Lead Agent Info

Daniel Shon

Executive Director

Multifamily Investments

(714) 876-5013

Daniel.Shon@kw.com

SEE THIS AGENTS PROPERTIES >