REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$6,425,000

Est. payment - /mo

0.56 Acres Lot

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26077738

HOA Y/N No

Year Built 1956

Lot Size 0.560 Acres

Property Sub-Type Multi Family

Property Description

36-Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via Lease-Up and Expense Normalization. The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity.
In 2025, the Property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%.
As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom ( allow the buyer to choose).
Property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space.
On-site laundry facilities provided, machines provided by WASH. WASH maintains the machines and pays the owner a percentage of the monthly revenue. 3 washing machines, 3 dryers are on the property.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Laundry Room

Exterior

Fence None

Roof Type Tile

Present Use Multi-Family

Total Parking Spaces 26

Building

Lot Description 36-40 Units/Acre, Front Yard

Story 2

Water Public

Others

Tax ID 5337019022

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Lisa Pimentel CENTURY 21 CITRUS REALTY INC 626-391-2149, DRE #01745013

Nearby School & Business

Get More Information

Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

Quick Search

30 N FIRST STREET Alhambra, CA 91801

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information