1501 S 4th St Alhambra, CA 91803
Estimated payment $18,018/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: WS26001274
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