$2,895,000
$3M PRICE INCREASE

1501 S 4th St Alhambra, CA 91803

Estimated payment $18,018/month

11 Beds
9 Baths
4,906 Sq Ft
$590 Price per Sq Ft

Highlights

  • No Units Above
  • Ramona Elementary School Rated A-
  • Laundry Room

About This Home

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.

Listing Agent

Andrew Luong

RICHTOWN REALTY Brokerage Phone: 626-466-7111 License #02040575 Listed on: 01/05/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,871 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 7 Carport Spaces

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,906 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 17
  • Tax Tract Number 38505
  • Assessor Parcel Number 5357006022
  • $2,778 per year additional tax assessments

Community Details

Building Details

  • 7 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $311
  • Fuel Expense $1,396
  • Gardener Expense $840
  • Insurance Expense $4,896
  • Maintenance Expense $4,634
  • Other Expense $17,451
  • Professional Management Expense $7,787
  • Trash Expense $2,318
  • Water Sewer Expense $3,912
  • Operating Expense $43,770
  • Net Operating Income $152,154

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.26
  • Professional Management Expense: 7787.30
  • Property Attached: Yes
  • Water Sewer Expenses: 3912.20
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5357006022
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 590.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 2318.10
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8871.00
  • Lot Size Acres: 0.2037

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Electric Expense: 310.90
  • Fuel Expense: 1395.50
  • Gross Scheduled Income: 195924.00
  • Insurance Expense: 4896.00
  • Lot Size Area: 8871.0000 Square Feet
  • Maintenance Expense: 4634.00
  • Net Operating Income: 152154.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 43770.00
  • Other Expense: 17451.00
  • Other Expense Description: Prop Tax
  • Rent Control: No
  • Total Actual Rent: 174324.00
  • Total Expenses: 43770.00

Tax Info

  • Tax Block: 17
  • Tax Lot: 10
  • Tax Tract Number: 38505
  • TaxOtherAnnualAssessmentAmount: 2778.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2026 01/05/26 For Sale $25 -- $0 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS26001274

California Regional Multiple Listing Service (CRMLS)