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The Warburton Team Brokered By EXp

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

$5,495,000

Est. payment - /mo

0.4 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF26174613

HOA Y/N No

Year Built 1974

Lot Size 0.397 Acres

Property Sub-Type Apartment

Property Description

16-unit multifamily investment opportunity in the heart of Alhambra. 1517-1519 Acacia Street features an attractive unit mix of six townhouse-style 2-bed/1.5-bath units, five 2-bed/1-bath units (including two newly constructed 2026 ADUs), one 2-bed/2-bath unit, and four 1-bed/1-bath units, totaling approximately 13,777 SF of improvements built in 1974. Units are individually metered for gas and electricity. The two brand-new ADUs are achieving full market rent, while in-place rents across the remaining units average roughly 10% below market, providing strong day-one cash flow with meaningful organic rental upside: approximately a 5.4% current cap rate and 12.4 GRM, rising to approximately a 6.3% cap rate and 11.1 GRM at market rents, based on the current rent roll and seller expense assumptions. Alhambra is a supply-constrained San Gabriel Valley submarket minutes from Downtown Los Angeles, Cal State LA, and the I-10 and I-710 freeways, with strong renter demand driven by the Main Street retail and restaurant corridor, award-winning schools, and a vibrant local economy. Priced at approximately $343,438 per unit and $399 per SF.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Heating Forced Air

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Street Lights, Suburban, Sidewalks

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5343008030

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Christian Mkpado Keller Williams Realty 8056373623, DRE #02079387

NEARBY SCHOOL & BUSINESS

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1517 Acacia ST Alhambra, CA 91801