Property listed by Mystic Canyon Real Estate, Stacy Dover 626-429-7361
$1,799,000
Prime 5-Unit Investment Opportunity | Alhambra, CA
**Exceptional Income Property with Long-Term Upside**
Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.
Ideally located north… Read More of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.
The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:
Four 2-bedroom, 2-bath units
One 1-bedroom, 1-bath unit
All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.
Additional highlights include:
Leased on-site laundry room providing some supplemental income
Strong, established rental market
Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles
Excellent commuter location with nearby public transportation
Pro forma rental projections reflecting market rates at the time of listing
Potential for additional development or expansion (buyer to verify with the City of Alhambra)
Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.
Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County. Read Less
Listing Snapshot
Days Online
363
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1979
MLS Number
CV25241240
Additional Details
Building
Built in 1979, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1,2
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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