Rare opportunity to acquire a fully occupied 6-unit apartment property in Alhambra adjacent to Cal State LA. Built in 1956, the property features six 1-bedroom/1-bath units, covered carport parking, stable long-term tenancy, and good market rental upside. Excellent San Gabriel Valley location with convenient access to the I-10, I-710, Downtown Los Angeles, Pasadena, and major employment centers.
Excellent investment opportunity in the heart of Alhambra! Situated on an oversized 9,000+ sq. ft. lot, this well-maintained duplex offers outstanding income potential for investors or owner-occupants alike. The front unit features 2 bedrooms and 2 bathrooms, while the rear unit offers 3 bedrooms and 2 bathrooms, providing spacious living arrangements and strong rental appeal. Offering plenty of parking as well as possible development opportunities! Conveniently located near shopping, dining, schools, parks, and major freeways, this property is ideally positioned in a highly desirable rental market. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this is a fantastic opportunity you won't want to miss!
Long-term ownership since 1974 presents the opportunity to acquire a well-maintained 13-unit apartment property located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.
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.
Rare duplex opportunity of two separate units on a large lot (9,461 square feet). Excellent home for extended family or investment opportunity strategically located to Los Angeles and Pasadena. This charming and pristine duplex features two distinct residences with their own individual backyards separated by a wall and an enclosed four car garage and an 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.
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: Leased on-site laundry room providing some 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.
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.
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.
