Attention builders and investors, this is a rare opportunity to acquire an expansive lot of nearly 18,000 square feet in a prime downtown Alhambra location with exceptional future upside. THE PROPERTY IS LOCATED IN A RESIDENTIAL HIGH-DENSITY ZONE, ALLOWING THE POTENTIAL DEVELOPMENT OF UP TO 64 UNITS PER ACRE, UP TO 75 FEET IN HEIGHT, AND UP TO 6 STORIES (BUYER TO VERIFY).Ideally situated within walking distance to the Edwards Theater, restaurants, and shops along downtown Alhambra’s main street, the property offers both urban convenience and a peaceful neighborhood setting. Enjoy easy access to the 10 Freeway, Costco, and Home Depot. This gated community currently features two buildings with three total units, providing immediate rental income. Front house (209 Monterey): 2 bedrooms, 1 bathroom. Rear building (209½ Monterey): Two units, each with 1 bedroom and 1 bathroom. All three units were recently upgraded in 2026 and vacant for sale, making this a solid lease-now, build-later investment. Buyers are advised to verify zoning, development potential, and building requirements with the Alhambra Community Development Department or appropriate agencies.Motivated seller. Don’t miss this exceptional opportunity to secure a high-density development site in one of Alhambra’s most desirable locations.
Wonderful Triplex located in the highly desirable Alhambra Hills neighborhood. Two units are fronting Westmont Street and the third unit is fronting Hampden Terrace. The unit on Hampden Terrace is a two bedroom / one bath unit and can be occupied by an owner or tenant. The sellers have left the owners unit vacant in case a buyer is looking to occupy the unit. Additionally, the unit on Hampden Terrace has a separate unit which could be permitted as a Jr ADU. The square footage is permitted and has as separate bathroom as well. Thus , you can possibly end up with a 4 unit property. ( Check with the City of Alhambra Building and Planning Departments) The property features a large open common area in between the units, separate gas and electric meters and garages. There is plenty of on site parking and a laundry room. The Owners unit on Hampden Terrace has a solar system which is paid for. All units are 2 bedroom / 1 bath. The two units on Westmont have long term stable residents.
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
RIA and Compass are pleased to offer for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 - 3Bed+1.5bath, 4 - 2Bed+1.5bath, 8 - 2Bed+1bath, 2 - 1Bed+1bath units and studio appealing to long-term tenants and supporting strong, stable occupancy. The classic courtyard design creates a welcoming, community-oriented feel with a fountain water feature and strong curb appeal. Solid in place rents offer an investor nearly a 5% cap on a well-maintained property. A major highlight of the property is the 37 on-site parking spaces and an enclosed 2-car garage that can used for storage or parking. Seismic retrofitting of the tuck under soft-story parking has been completed. The ample parking, combined with the efficient layout and strong unit mix, positions this asset as a compelling long-term hold or value-add investment. On-site laundry room and the community courtyard vibe add to the appeal for the residents.There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. Situated in a sought-after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. This is a rare opportunity to acquire a well-sized, professionally appealing multifamily asset in one of the San Gabriel Valley's most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.
Welcome to this lovely triplex in Alhambra consisting of one main house, plus two separate units above a 5 car garage. This Spanish style home with lots of original charm offers different types of opportunity, perfect for investors or extended families. A new roof was installed on the rear 2 units and garage building in 2025. The property is well located with extremely convenient access to the 10, 210 and 710 freeways. The driveway has been recently painted, and landscaping has been recently upgraded. This property is a great choice for both investors or owners who wish to live in one and rent out the others. Drive by only. You can walk on the property but please do not disturb tenants or enter any unit. Long term tenants, occupying for over 10 years.
Step into classic Southern California charm with this beautifully refreshed 1923 Spanish-style duplex in the heart of Alhambra, thoughtfully updated while preserving its original character. Fresh interior and exterior paint highlights the graceful architecture, while new dual-pane windows bring modern comfort, energy efficiency, and abundant natural light throughout both residences. Each unit offers a well-designed 1 bedroom, 1 bathroom layout, with one unit featuring a versatile bonus room ideal as a second bedroom, home office, or creative space. Both units include interior laundry, a rare and highly desirable convenience for tenants or owner-occupants alike. The property is further enhanced by a large two-car garage plus an additional storage shed, providing ample parking and storage options. Whether you're seeking a smart investment, multi-generational living, or an owner-occupied opportunity with rental income, this duplex delivers flexibility and long-term value, all in a sought-after Alhambra neighborhood close to dining, shopping, and major commuter routes.
Excellent duplex investment opportunity located in a highly desirable residential pocket of Alhambra. This income-producing property offers strong long-term potential for investors seeking steady cash flow and future appreciation in a well-established community. The property benefits from its location within a highly regarded school district, making it consistently attractive to long-term tenants and owner-occupants alike. With two separate units, this duplex provides flexibility for rental income, multi-generational living, or a live-in-one-rent-the-other strategy. Conveniently situated near local schools, shopping, dining, and major transportation routes, this is a rare opportunity to own a multi-unit property in one of Alhambra’s most sought-after neighborhoods.
Excellent investment opportunity strategically located to Los Angeles and Pasadena. This charming and pristine duplex feature two distinct residences with their own separate backyards and an enclosed four car garage with additional three exterior parking spaces. Both units are separately metered for electricity and gas. Additionally, there is a bonus studio unit. The attractive front unit is highlighted with a remodeled kitchen and full bathroom, laminate flooring, spacious living room with fireplace, attached alcove reading room to the living room, abundant light flowing into a classic dining room with vintage display cabinetry, den / office which could be used as a third bedroom, separate laundry room with washer and dryer hookups, stove / refrigerator / dishwasher included, mini split HVAC’s in each bedroom, off-street parking, freestanding barbeque, walk-in closet, and hallway/attic fan to quickly expel hot air when needed. The rear unit features an arboretum like setting with shade trees in an enclosed backyard. This second story unit presents three bedrooms, two full bathrooms with showers and bathtubs, a large living room with a vaulted ceiling and abundant bookshelves, HVAC, kitchen with spacious counters, refrigerator / stove / washer / dryer / dishwasher included, laminate flooring, numerous windows allowing light to flow into this unit, and covered patio adjacent to front door.
A rare opportunity awaits with this 1930 Craftsman featuring two separate homes on one lot. Owned by the same family for more than six decades, this property offers classic charm and a layout ideal for customization, expansion, or investment. The front home features three bedrooms and one bath with original woodwork and Craftsman details ready for rejuvenation; font bedroom does not have a closet. The second home includes one bedroom and one bath with kitchen and laundry hookups—perfect for extended family, rental income, or dual-living flexibility. Set in a desirable neighborhood, this property combines historic charm with modern possibilities. With its spacious layout and classic architecture, it’s an exceptional opportunity to restore, personalize, and make it uniquely your own—while owning a lasting piece of history.
PRICED TO SELL! SELLER IS MOTIVATED. IRN Realty is proud to present this beautifully maintained 4-unit multifamily residence in prime North Alhambra. Located two blocks from San Marino, this multifamily asset spans across two (2) buildings, totaling 3,929 square feet on a 8,036 square foot lot. The unit mix consists of three 2 BR / 1 BA units and one 4 BR / 2 BA unit. Some units are equipped with in-unit laundry hookups. The property is centrally located with extremely convenient access to the 10, 210 and 710 freeways. Note: Cap Rate and GRM calculations are based off of current expenses and market rent for the two vacant units that will be available at Close of Escrow.
First time on the market in almost 38 years, This Specious 6 units condo-style like apartment located in a great Alhambra neighborhood nearby Park, Golf course, Restaurants............ All units have 2 bedroom, 1.5 bath! The unit B features recently updated new kitchen new cabinetry with quartz counter tops & New stove range, new range hood. new dish washer, porcelain tile flooring in the kitchen and update new bathrooms, all units have 2 car garage and each unit newly central heating and A/C , Newly stacked washer & dryer . Rent includes water & trash. Steady & long term tenants. New exterior panting. Property minutes away from the 10 freeways..........Perfect investment opportunity for owner user, investor or developer, Rent increase potential.
2204 Orange Grove Ave is a well located triplex in a highly desirable residential pocket of Alhambra, surrounded primarily by single family homes. The property offers a versatile layout that works well for an owner user or an investor seeking stable income with future upside. The building consists of three units totaling 7 bedrooms, 4 baths and approximately 3,074 square feet on a 7,481 square foot lot. The unit mix includes one 3 bedroom 2 bath unit and two 2 bedroom 1 bath units. Per owner, the ground level 3 bedroom unit is approximately 1,244 square feet, while each of the upper units is approximately 950 square feet; all square footage figures are estimates and should be verified by the buyer. The 3 bedroom unit is located on the ground level with a spacious and functional floor plan, while the two upper units offer efficient layouts and consistent rental demand. The property offers in-place rental income, providing immediate cash flow for a new owner. Parking is a significant advantage, with four individual garages plus additional off street parking along the rear driveway accessed from the alley. Each unit is separately metered for electricity, and an on site laundry area provides added convenience and supplemental income. The large rear lot may offer future potential for expansion or accessory dwelling unit possibilities, subject to buyer verification and city approval. This creates an opportunity to add value over time while holding a well positioned asset. Conveniently located near parks, shopping, dining, and schools, with easy access to the 10, 60, and 710 freeways and a short drive to Cal State LA and Downtown Los Angeles, this property combines neighborhood appeal with everyday accessibility.
Investors: this is a solid San Gabriel Valley opportunity worth a close look. Located at 1501 S 4th Street in Alhambra 91803, this 8-unit apartment property features a total of 11 bedrooms, 9 bathrooms, 2 garage spots + 7 covered carports. This offering is a well-balanced unit mix that appeals to a broad renter base. In addition there is three 3 washer/dryer set up (with space to add more). The property offers market-rate in-place income with additional upside, appealing to investors seeking a balanced mix of cash flow and long-term appreciation. The building has been freshly painted on the exterior, roof has been new within the last three years, electrical and plumbing was update and balcony are certified. Cap rate just over 5% — already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential. Situated in the heart of the San Gabriel Valley, the property benefits from excellent freeway access, with quick connections to the I-10 Freeway for easy commutes west to Downtown Los Angeles and West LA, or east toward Hacienda Heights and surrounding SGV employment centers. This central location makes the property highly attractive to tenants seeking convenience, accessibility, and affordability relative to neighboring submarkets. Residents enjoy proximity to Alhambra’s vibrant dining scene, shopping, schools, and everyday services, while still being within reach of major job hubs throughout Los Angeles County. The area’s consistent tenant demand and strong fundamentals support stable occupancy and long-term value appreciation. Solid in-place income. Clear upside. Proven rental location. Opportunities like this in the core of the San Gabriel Valley don’t come up often—a well-positioned multifamily asset for investors seeking stability with growth potential.
Exceptional opportunity to acquire a newer-construction (2022) 18-unit condo-style apartment community in a prime Alhambra location (713-727 S. Stoneman Ave). Thoughtfully designed and well maintained, this modern property offers strong in-place income with significant upside, including potential future condominium conversion (buyer to verify). The unit mix consists of 14 spacious 2-bedroom / 2.5-bath residences and 4 expansive 3-bedroom / 3.5-bath residences, each featuring its own private garage, providing a highly desirable living experience and strong tenant demand. The property also includes 8 additional guest parking spaces, enhancing convenience for residents and visitors alike. Built with contemporary finishes and efficient layouts, these luxury-style units appeal to long-term tenants seeking comfort, privacy, and modern amenities. The condo-style configuration, individual garages, and new construction significantly reduce ongoing maintenance costs and position the asset as a low-management, high-quality investment. Ideally located near major employment centers, shopping, dining, and transportation corridors, this property represents a rare opportunity to own a turnkey multifamily asset with excellent income stability and long-term appreciation potential in one of the San Gabriel Valley’s most desirable rental markets.
Appealing investment opportunity in the City of Alhambra, located in a prime location! First time on the market in 30 years. High rental demand desirable 6-Units, all units are two-story of 2 bedrooms and 1.5 bathrooms. Living area is ± 5,394 sqft, lot size is ± 9,000 sqft, each unit has ± 900 sqft. Current rent is $11,740/month. It has 6 carports and 6 outdoor parking spaces, so each unit has 2 parking spaces. On-site laundry room with leased machines, individual electric & gas meters, and individual water heaters. Per seller’s info, all units have been changed to double-pane windows, the roof condition is good, and some units have updates. Rents can be increased. Stable tenants and easy manage. Just two blocks away to Alhambra Golf Course, and Almansor Park with Tennis Courts, Soccer Fields, baseball Field, Playground, Gym, etc. It has easy access to Freeways 10 & 710, just 4 miles to Cal State LA University, 6.5 miles to USC Health Sciences Campus, 9 miles to Downtown LA. City of Alhambra is vibrant and convenient to supermarkets, banks, schools, various restaurants, sports, entertainments, strip malls, and many more. Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park, these Cities come together as a prosperous region. This property is such a great real estate asset to own! Drive by only please, do not talk to any tenants. Interior inspection only provide to the buyer after his/her offer has been accepted.
Welcome to 837 S Sierra Vista Ave, a well-maintained 12-unit multifamily investment opportunity located in one of Alhambra’s most desirable residential pockets steps from Almansor Park, the golf course, YMCA, schools, and everyday conveniences. Featuring a strong mix of 1-, 2-, and 3-bedroom units, this two-story garden-style community offers stable long-term tenancy plus five renovated units operated as high-demand short-term rentals, delivering exceptional income performance. The property totals 8,182 sq ft on a generous 12,000+ sq ft lot with 14 parking spaces and well-kept landscaping. Several units feature updated interiors, bright kitchens, tile flooring, and thoughtful layouts that attract quality tenants and support long-term retention. Current scheduled rents total $28,375 per month with documented short-term rental income from 2025 showing strong and consistent performance—an ideal setup for investors seeking cash flow, stability, and future upside. This is a rare chance to acquire a turnkey asset in a highly supply-constrained San Gabriel Valley submarket known for low vacancy, strong demographics, and steady rent growth. A perfect fit for private investors, exchange buyers, or portfolio additions seeking dependable returns in a top-tier location.
Charming Spanish-style triplex nestled on a large lot in a quiet Alhambra neighborhood. Filled with original character and timeless appeal, this income-producing property offers a blend of charm, space, and upside potential. The lot is adorned with mature hedges and fruit trees, offering privacy and a touch of nature. The front building features two spacious 2-bedroom, 1-bath units, each with classic details, abundant natural light, and warm vintage finishes. Tucked away at the rear of the property, a generously sized 1-bedroom, 1-bath unit sits above three single-car garages -- possible ADU/JADU conversion? A large, gated driveway provides 3 additional off-street parking spaces. Located just minutes from Alhambra's vibrant shops, restaurants, and entertainment, this triplex is perfectly situated in a peaceful residential setting. With strong bones, curb appeal, and significant upside in rental income, this property is an excellent opportunity for both investors and owner-users alike. Tenant occupied, please do not bother occupants.
NICE 2 UNITS ( #1100 & 1106 S. Ethel Ave ) ALHAMBRA HOME. 1ST UNIT # 1100 BUILT IN 1978, 2 STORY HAS 4 BEDROOMS 4 BATHROOMS, 1 BED 1 BATH DOWNSTAIRS. 2ND UNIT #1106 BUILT IN 1907, 1 SOTRY HAS 2 BED 2 BATH. MAIN RESIDENCE HAS SPACIOUS INTERIOR, VAULTED CEILINGS IN LIVING ROOM. ONE BEDROOM LOCATED DOWNSTAIRS, HUGE MASTER BEDROOM. 2ND UNIT HAS 2 BEDROOMS, 2 BATHROOMS & KITCHEN. ALL 2 UNITS HAVE REMODELED 3 YEARS AGO. CLOSE TO SHOPPING, CLOSE TO BANK, RESTAURANT, CLOSE TO " COSTCO, HOME DEPOT, KOHL'S, CVS, THEATER, LA FITNESS & MORE........EASY ACCESS TO FREEWAY 10, 710, 5 & 60........A MUST SEE TO APPRECIATE. *** APPOINTMENT ONLY *** PLEASE DO HOT WALK TO THE PROPERTY WITHOUT APPOINTMENT. THANK YOU !!
Amazing opportunity in the heart of Alhambra! Prime 5-Unit Investment Opportunity to add extra value to any investment portfolio! An exceptional opportunity for the savvy investor — this 5-unit income property is ideally located north of the 10 freeway in one of Alhambra’s most desirable and stable rental markets.Positioned in a high-demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Proforma reflects current market value at the time of the listing. All tenants have assigned parking, water and trash are included in the rent. This is a FANTASTIC opportunity and a great start for the new investor looking at multi-unit opportunities. Positioned in a fabulous neighborhood and seton a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. There are four * 2 bed/2 bath units* and one *1 bed/1 bath*. All are spaciously appointed with large living rooms and each unit enjoys on-site assigned parking, a very valuable amenity for tenants in this area. The property also features an **on-site laundry room** with owner-operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra property presents a rare opportunity to acquire a turnkey asset with long-term upside. Looking for a stable, income-producing property in a proven Los Angeles County market? This one checks all the boxes.
Excellent opportunity to own a well-maintained duplex in the city of Alhambra! This property offers two spacious units, each featuring 2 bedrooms, 1 bathroom, and a private 1-car garage. The whole lot is fully fenced for privacy and security. Conveniently located with easy freeway access and close to shops, restaurants, and all local amenities. Currently occupied by stable tenants, making this a great investment property with consistent rental income.
Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio and/or a great 1031 Exchange.
Situated just two blocks south of the affluent cities of San Marino and South Pasadena, the property benefits from its location in one of the most attractive rental submarkets of the West San Gabriel Valley. Because the property is not subject to local rent control, an investor can increase rents by a greater amount each year, when compared with multifamily investments in Los Angeles and other local cities. With current rents approximately 21% below those of similar neighboring properties, a new owner may be able to add significant value while improving the building's cash flow substantially. Constructed in 1959, the two-story structure surrounds a well-landscaped, quiet courtyard atop a 14,706-square foot lot. The property has been meticulously maintained throughout its ownership, while select units have been renovated with new hardwood floors, new kitchen cabinets, and new ceiling fans. The gated complex includes eight security cameras, several of which are trained on the 16 covered parking spaces. The landlord-owned laundry facilities add an additional revenue stream. The separate gas and electricity meters, pitched roofs, and partial copper plumbing should help to reduce future expenses. Located near the corner of Huntington Drive and Los Robles Avenue, the building sits just across the border from both San Marino and South Pasadena. Being within walking distance of Ralph's, In-N-Out Burger, and the new $130 million Alhambra Place Shopping Center helps to attract tenants. Median home values have increased by 40% since 2020, resulting in increased demand for rental units as residents are priced out of homeownership now that the median single-family home is valued above $1,000,000. Apartment demand in the area is also elevated due to the fact that Alhambra has only added 540 units over the past 30 years. This amount of new development is up to 10 times slower than other communities in the area, and the resulting demand for existing apartments is projected to exert sustained upwards pressure on local rents, benefitting apartment landlords. The property also sits just two miles from the 110 Freeway and two-and-a-half miles from the10 Freeway, affording tenants convenient access to Downtown Los Angeles, Pasadena, and the rest of the San Gabriel Valley.
Well maintained 8 units apartment in City of Alhambra. Property is in prime location, walking distance to restaurants, supermarkets, and schools. Internally, Each unit has spacious layout with big storage room. Externally, owner had upgraded electricity box, 4 sewers, community shared laundromat. Overall condition is good & ready to move in. Property sold "AS IS."
Alhambra is located in California. Alhambra, California has a population of 83,174. Alhambra is less family-centric than the surrounding county with 27.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Alhambra, California is $73,035. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Alhambra is 41.2 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 15.9 inches per year, with 0 inches of snow per year.
