• 5 Units
• 5,951 Sq Ft
• 8,818 Sq Ft
• Unknown Cap Rate

Description

We are pleased to present for sale for the First Time Offered in Over 41 Years. This rare long-term ownership asset offers an exceptional opportunity to acquire a pride-of-ownership 5-unit apartment building in one of the most sought-after pockets of the San Gabriel Valley. The property is mostly two story town-home style units, built in 1977, and benefits from newer construction relative to much of the surrounding rental stock, providing investors with durable systems, efficient layouts, and long-term operational stability. This offering represents a rare opportunity to acquire a well-maintained, long-held property with newer construction, an exceptional unit mix, and oversized floor plans all in a high-demand rental market. With clear rental upside and favorable operating conditions, this 5-unit asset stands out as an excellent long-term investment in the heart of the San Gabriel Valley. The property features an excellent combination of spacious 1-, 2-, and 3-bedroom apartments, catering to a wide range of renter demand in the Alhambra market. Many of the units offer multiple bathrooms, a highly desirable feature that significantly enhances tenant retention and leasing velocity. With a total building size approaching 6,000 square feet, the units are substantially larger than typical rentals in the area. These generous layouts provide immediate competitive advantage and offer strong long-term appreciation potential. An opportunity for investors to capture meaningful rental upside through strategic renovations or cosmetic upgrades. Strong local demand combined with the building's oversized units creates a clear path for increased income. The property is only subject to the statewide AB 1482 rent ordinance and is not impacted by any local rent control, offering greater flexibility in executing value-add and repositioning strategies. Situated in a prime Alhambra location just off Garfield Avenue, the property enjoys excellent accessibility and walkability. Residents are within minutes of the shops, restaurants, cafes, and neighborhood conveniences along Main Street, one of the city's most vibrant corridors. The area is known for its strong employment base, stable demographics, and consistently low vacancy rates. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Silver Lake, San Gabriel, and Montebello. Properties can be sold together as a portfolio or individually. DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE.