* * * Excellent Location. * * * Large Lot. Nearby California State University Los Angeles and Downtown LA. Decent Great Single family Residence surrounding areas. Easy to access Freeway 10. Two four-plex buildings, total 8 x 2 bed/1 bath units plus 4 Double Car Garages and Plenty parking space. Individual water heater in the unit. There are Laundry Hook up for Each Unit. Fully occupied. Rare opportunity for Investor. The property provides immediate stability while offering tremendous value-add potential for future ownership. Drive By Only ! Do not Disturb Tenants.
Ethel Park, located between Main Street and Atlantic Boulevard, is a residential and civic Alhambra neighborhood with leafy blocks and pocket parks. The neighborhood’s character concentrates around the Main St & 1st St corridor, where independent eateries, bakeries, and late-night dessert counters keep sidewalks active. Craftsman bungalows and mid-century ranch homes sit beside small apartment courts, giving the streetscape a lived-in, architectural mix. Ethel Park itself reads as the local front yard, with open lawn and shaded paths. The Alhambra Civic Center Library and Alhambra Historical Society Museum add a cultural throughline. A short walk south, the Alhambra Farmers Market brings a weekly rhythm to the district.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Balcony
Unfurnished units
Brick walls
Two levels
Entry on level 1
Bedrooms
Each unit: 2 bedrooms
Bathrooms
Each unit: 1 full bathroom
Kitchen
Kitchens located in units
Laundry & utility
Laundry in kitchen (in-unit laundry available)
Heating & cooling
Wall heaters
Wall/window cooling units
Exterior features
Corner lot
Level with street
Lot approximately 10,000–19,999 sq ft
No pool
Curbs
Home design
Community apartment (attached property)
2 stories
Turnkey condition
No accessory dwelling unit
Parking
Assigned parking
Community garage
Driveway parking
8 uncovered spaces
8 garage spaces (total 16 parking spaces)
Construction
Frame and stucco construction
Composition roof
Built per assessor records
Utilities
Public sewer
District/public water
Separate gas meters for each unit (8)
Separate electric meters for each unit (8)
2 separate water meters
Financial info
Total building area 7,112
8 total units (2 buildings)
8 leased units
Gross scheduled income: $171,000
Gross income: $171,000
Net operating income: $107,556
Gross multiplier: 13.33
Total actual rent (monthly): $14,250
Operating expenses: $63,444
Notable expenses: insurance $8,301; maintenance $8,853; water/sewer $4,777; gardener $3,000; trash $3,180; furniture replacement $2,500; pest control $371; licenses $225; other expense (CPA) $800; new taxes $31,000
Other
Property is listed turnkey
Access via city streets; paved road frontage
Electricity and solar
View estimated energy costs and solar savings for this home
The RM Zone is intended to provide for a variety of housing types at densities up to 18 dwelling units per acre. Housing types in this Zone include detached single-unit dwellings, duplexes, triplexes, and other medium density housing types. Other compatible uses appropriate in a medium density residential environment are allowed. The RM Zone implements the Medium Residential Density General Plan land use designation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 97° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Alhambra, CA • 91803
Average low and high temperatures (°F)
70
48
72
51
74
54
73
54
76
58
81
61
83
62
89
66
85
65
80
58
72
52
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2205 W Ramona Rd
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