1515 W Commonwealth Ave Alhambra, CA 91803
Alhambra AreaEstimated payment $14,022/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 $41,697
- Gross Income $180,600
- Net Operating Income $138,903
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,805 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | Price Changed | $2,500,000 | -7.1% | $391 / 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
- 321 S Electric Ave
- 215 S Marengo Ave
- 105 S Marguerita Ave Unit F
- 105 S Marguerita Ave Unit C
- 1814 W Commonwealth Ave
- 228 S Olive Ave Unit A302
- 213 S Atlantic Blvd
- 833 E Florista Ln
- 104 106 E Linda Vista Ave
- 828 E Florista Ln
- 305 & 307 E Hellman
- 118 N Marengo Ave Unit C
- 907 W Mission Rd Unit B
- 1817 Vine St
- 817 S 9th St
- 701 S 8th St
- 1022 S Marengo Ave Unit 5
- 580 W Main St Unit 220
- 580 W Main St Unit 302
- 300 N Marengo Ave
- 421 S Electric Ave Unit A
- 409 S Marguerita Ave
- 241 S Curtis Ave Unit C
- 236 S Curtis Ave Unit E
- 119 S Curtis Ave
- 126 S Olive Ave Unit D
- 124 S Olive Ave Unit B
- 111 N Marguerita Ave Unit E
- 814 S Electric Ln
- 908 Edith Ave
- 906-908 Edith Ave Unit 908B
- 196 N Marguerita Ave
- 1616 Cherry Ln Unit B
- 1012 S Electric Ln Unit D
- 1819 Cedar St
- 208 N Olive Ave
- 221 N Atlantic Blvd
- 307 N Curtis Ave Unit E
- 1201 S Electric Ave
- 1024 S Atlantic Blvd Unit 16
Ask me questions while you tour the home.