101 E Alhambra Rd Alhambra, CA 91801
Estimated payment $18,264/month
Total Views
1,369
10
Beds
8
Baths
8,015
Sq Ft
$349
Price per Sq Ft
Highlights
- Midcentury Modern Architecture
- Property is near public transit
- Corner Lot
- Garfield Elementary School Rated A-
- Wood Flooring
- Lawn
About This Home
Offered at 5.10% CAP Rate, and First Time ever being offered for Sale, Growth Investment Group California is proud to present a 101 E Alhambra Rd., Alhambra. 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 by the same family that built the property! 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 more than 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).
Listing Agent
Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 9,603 Sq Ft Lot
- Two or More Common Walls
- South Facing Home
- Landscaped
- Corner Lot
- Rectangular Lot
- Level Lot
- Lawn
Home Design
- Midcentury Modern Architecture
- Apartment
- Cosmetic Repairs Needed
- Asbestos Shingle Roof
Interior Spaces
- 8,015 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
Kitchen
- Electric Oven
- Electric Cooktop
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 7 Open Parking Spaces
- 16 Parking Spaces
- 9 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Additional Features
- Balcony
- Property is near public transit
Listing and Financial Details
- Tax Lot 29
- Assessor Parcel Number 5322031006
- $3,024 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $996
- Fuel Expense $1,129
- Insurance Expense $5,626
- Maintenance Expense $4,000
- Professional Management Expense $8,056
- Trash Expense $2,815
- Water Sewer Expense $6,758
- New Taxes Expense $33,012
- Operating Expense $70,947
- Gross Income $218,071
- Net Operating Income $142,762
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $2,800,000 | 0.0% | $349 / Sq Ft |
| 07/05/2025 07/05/25 | Off Market | $2,800,000 | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $2,800,000 | -- | $349 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Alhambra, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25134597
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