101 E Alhambra Road

Alhambra, CA 91801

  • 0 Bed(s)
  • 0 Bath(s)
  • 8,015 Sqft
  • 9603
    Sqft(Lot)
$2,800,000

Description

Prime value-add 8-unit in north alhambra – walk to downtown alhambra, first time for sale since 1972, corner lot with superb curb appeal, excellent unit mix and cash flow. a pride-of-ownership well-maintained 8-unit value add deal located in north alhambra and just steps away from downtown alhambra on garfield ave & main st. this is the first time this property is being offered for sale since 1972! it is situated on a corner lot and adjacent to both san marino and south pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (costco, target), alhambra park, schools, churches, downtown alhambra on main street, and easy access to fwy 10 and fwy 110 via fremont ave. this property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of alhambra. it is located next to several new townhouses subdivisions providing a home-ownership atmosphere for the property. all tenants are on month-to-month rental agreement providing immediate upside on rent increases. the area does not have any local rent control (under california ab1482 rent control). the property is offered at a very attractive cap rate of close to 5%!



the property is a two-story garden style apartment that was built in 1964. it has a large building size of ±8,015 sf which translates to large average unit size of ±1001 sf/unit. it is on a large ±9,600 sf corner lot. it has an excellent unit mix of one (1) x large 3bed+2bath, one (1) x 2bed+2bath, one (1) x 2bed+1.75bath, one (1) x 2bed+1bath, and four (4) x 1bed+1bath units. most of the units have been somewhat updated with updated flooring and kitchen (buyer to verify). each unit has through the wall a/c, radiant heating, plenty of linen cabinets, ceiling fans, dining area, and so much more. four units have private patio/balcony and fireplaces (buyer to verify).



the property is overparked with a total of 16 parking spaces provided by 9 carport spaces, 3 open spaces, and 4 tandems. there is no parking soft story retrofit requirement in alhambra. each unit is separately metered for electricity (all electric unit). there is a shared laundry room (laundry leased) and master water heater (gas).

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    50193460

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asbestos Shingle
    • Interior Features: Balcony,Unfurnished
    • Property Appliances: Electric Cooktop,Electric Oven
    • Fireplace: Family Room
    • Flooring: Vinyl,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Radiant
    • Has Heating

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1964
    • Building Area Total: 8,015
    • Roof: Asbestos Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2205
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9603

  • Listing Price Information

    • Original List Price: 2,800,000
    • Listing Contract Date: 2025-06-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5322031006

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 601 - Alhambra
    • Directions: from Huntington Dr, go south on Garfield Ave, then east on Alhambra Rd, building is corner of Alhambra Rd and Stoneman Ave
    • Zoning: ALRPD*
    • Source Property Type: Residential Income
    • Area: 601 - Alhambra
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Property Condition: Repairs Cosmetic,Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/28/2025 @ 20:55

  • MLS: AR25134597
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 8,015 sqft, 9,603 sized lot, and 0 parking. are nearby neighborhoods.