1515 W Commonwealth Ave Alhambra, CA 91803
Estimated payment $14,204/month
About This Home
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.
Listing Agent
EXP REALTY Brokerage Phone: 626-824-8853 License #01928418 Listed on: 02/11/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 7,168 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Open Parking Space
- 7 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,392 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 15597
- Assessor Parcel Number 5343006001
- $2,548 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 8 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $267
- Fuel Expense $784
- Insurance Expense $4,202
- Trash Expense $2,318
- Water Sewer Expense $2,361
- Operating Expense $43,925
- Gross Income $180,600
- Net Operating Income $136,675
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,643 | $189,697 | $43,850 | $145,847 |
| 2024 | $4,643 | $185,979 | $42,991 | $142,988 |
| 2023 | $4,952 | $182,334 | $42,149 | $140,185 |
| 2022 | $4,833 | $178,760 | $41,323 | $137,437 |
| 2021 | $4,765 | $175,256 | $40,513 | $134,743 |
| 2020 | $4,747 | $174,650 | $40,098 | $134,552 |
| 2019 | $4,668 | $171,250 | $39,312 | $131,938 |
| 2018 | $4,563 | $167,917 | $38,542 | $129,375 |
| 2016 | $4,231 | $160,255 | $37,047 | $123,208 |
| 2015 | $4,189 | $157,849 | $36,491 | $121,358 |
| 2014 | $4,206 | $154,758 | $35,777 | $118,981 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/11/2026 02/11/26 | For Sale | $2,690,000 | -- | $421 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26030880
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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