2121 El Paseo Alhambra, CA 91803
Alhambra Hills NeighborhoodEstimated payment $19,359/month
Highlights
- No HOA
- Central Heating and Cooling System
- Laundry Facilities
- Alhambra High School Rated A-
About This Home
Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio and/or a great 1031 Exchange.
Listing Agent
Boulder Realty Inc Brokerage Phone: 213-595-4849 License #02051665 Listed on: 08/14/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 12,162 Sq Ft Lot
- Two or More Common Walls
- Sprinkler System
- Density is 6-10 Units/Acre
Parking
- 8 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,389 Sq Ft Home
- 3-Story Property
- Family Room with Fireplace
- Living Room with Fireplace
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 115
- Tax Tract Number 4816
- Assessor Parcel Number 5352025024
- $2,981 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $780
- Insurance Expense $11,000
- Professional Management Expense $3,600
- Trash Expense $3,000
- Water Sewer Expense $8,100
- New Taxes Expense $41,000
- Operating Expense $69,062
- Gross Income $1,500
- Net Operating Income $129,718
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $2,980,000 | -9.1% | $403 / Sq Ft |
| 08/14/2025 08/14/25 | For Sale | $3,280,000 | -- | $444 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25183409
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
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Ask me questions while you tour the home.