400 N Atlantic Blvd Alhambra, CA 91801
Estimated payment $16,122/month
Total Views
227,429
10
Beds
8
Baths
5,829
Sq Ft
$429
Price per Sq Ft
Highlights
- Balcony
- Garfield Elementary School Rated A-
- Laundry Room
About This Home
Presenting a rare opportunity to acquire a Spanish garden-style 8-unit multifamily property located in one of Alhambra’s most desirable rental submarkets. This charming two-story building features excellent curb appeal and strong rental upside potential. Property Highlights: Unit Mix: (2) Two-bedroom, one-bath units; (6) One-bedroom, one-bath units, 8 gated carport spaces (one per unit) Select units offer private balconies or patios. Ideal for long-term rental income stability and appreciation. Strategically positioned north of Main Street and south of Huntington Drive, the property is close to Downtown Alhambra’s shops, dining, and entertainment. The area continues to see strong tenant demand due to its central location and easy access to major freeways and public transit. With consistent income, value-add potential, and a sought-after location, this asset represents a solid addition to any investor’s portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.3 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 5,829 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- 8 Carport Spaces
- Parking Available
Additional Features
- Balcony
- Urban Location
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 480
- Assessor Parcel Number 5338027011
Community Details
Overview
- 8 Units
Building Details
- 7 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $820
- Fuel Expense $200
- Gardener Expense $2,000
- Insurance Expense $4,700
- Other Expense $570
- Pest Control $300
- Trash Expense $840
- Water Sewer Expense $2,565
- New Taxes Expense $25,000
- Operating Expense $36,425
- Gross Income $167,200
- Net Operating Income $132,775
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $2,500,000 | +42.9% | $429 / Sq Ft |
| 07/18/2014 07/18/14 | Sold | $1,750,000 | -7.4% | $300 / Sq Ft |
| 03/28/2014 03/28/14 | Pending | -- | -- | -- |
| 05/24/2013 05/24/13 | For Sale | $1,890,000 | -- | $324 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Jenny's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25114083
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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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