30 N FIRST STREET, Alhambra, CA 91801
30 N FIRST STREET, Alhambra, CA 91801
30 N FIRST STREET, Alhambra, CA 91801
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,200,000
Est. payment /mo
0.56 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID CV26166315

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

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

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Listed by Lisa Pimentel Century 21 Masters 626-391-2149, DRE #01745013

NEARBY SCHOOL & BUSINESS

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