$6,425,000
About this home
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.
Facts & features
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Laundry
- Laundry Room
- Lot size
- 0.56 acres (24,393 sq ft)
- Year built
- 1956
- Parking spaces
- 26.5
- Area
- 601 - Alhambra
- County
- Los Angeles
- Status
- Active
- Property type
- Multi Family
- Days on market
- 52
- Listed
- 2026-04-10
- Original price
- $7,250,000
- Terms
- Cash, Exchange 1031
- Parcel #
- 5337019022
- MLS #
- CV26077738
