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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,799,000

Est. payment - /mo

6,616 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25241240

HOA Y/N No

Year Built 1979

Lot Size 6,616 Sqft

Property Sub-Type Apartment

Property Description

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 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:

Owner-operated on-site laundry room providing 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.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area, See Remarks

Exterior

Parking Features Assigned

Carport Spaces 7

Pool None

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5355004011

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Contract

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Contract

Special Listing Condition Standard

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Listed by Stacy Dover Mystic Canyon Real Estate 626-429-7361, DRE #01768476

NEARBY SCHOOL & BUSINESS

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1342 Edgewood Alhambra, CA 91803