Alhambra (601) Homes with Apartment Subtype

Welcome to Alhambra, California – a vibrant gem nestled in the heart of Los Angeles County! Known for its rich cultural heritage and diverse community, Alhambra offers a unique blend of urban convenience and suburban charm. With its tree-lined streets, bustling downtown, and an array of dining and shopping options, residents enjoy a lively atmosphere that truly embodies the essence of Southern California living.

For those seeking a home that accommodates both comfort and versatility, Alhambra's homes with apartment subtypes present an exceptional opportunity. These properties often feature spacious layouts, making them ideal for families, multi-generational living, or even investment opportunities. Imagine having the flexibility to create a cozy family space while also enjoying the potential for rental income from a separate apartment unit.

Alhambra's real estate market is characterized by a variety of architectural styles, from charming bungalows to modern complexes, ensuring there’s something for everyone. Many homes are conveniently located near top-rated schools, parks, and public transportation, making it easy to explore the greater Los Angeles area.

In addition to its residential appeal, Alhambra boasts a rich tapestry of cultural events and community activities. Whether it’s the annual Lunar New Year festival or the bustling farmer’s market, there’s always something happening in this dynamic city.

Discover the perfect blend of lifestyle and opportunity in Alhambra, where your dream home awaits! With its welcoming community and diverse housing options, you’ll find that life in Alhambra is not just about where you live, but how you live.

Newest Alhambra (601) Homes with Apartment Subtype

$4,250,000

AR26218487 MLS ⋅ Active Under Contract Status

Owner for 32 years! Prime 14-unit north Alhambra Value-add Opportunity - NO Local Rent Control | Walk to Downtown Alhambra | South Pasadena + San Marino Adjacent | Superb Demographics | Outstanding Unit Mix. 411 N Chapel Ave., a prime 14-unit value-add apartment community in highly sought-after North Alhambra (NO Local Rent Control). Offered for the first time in 32 years, this property sits just steps from the vibrant dining and entertainment of Downtown Alhambra and across from the popular Story Park. Bordering the premium communities of San Marino and South Pasadena, the location offers tenants unparalleled access to major retail centers, excellent schools, and key transit corridors (I-10 and I-110). This garden-style community provides investors with a straightforward value-add opportunity that is easy to manage and ready to be taken to the next level. Surrounded by newer townhouse subdivisions that provide a strong home-ownership atmosphere, the property features a stable base of long-term tenants. With no local rent control restrictions, the asset offers a clear path to stabilization at a very attractive 7.12% Proforma CAP Rate (SELF MANAGE). The property is a two-story garden style apartment that was built in 1963. It has a large building size of ±13,744 SF which translates to large average unit size of ±980 SF/unit. It is on a large ±16,018 SF lot crossing Alhambra Rd. It has an excellent unit mix of one (1) x large 3bed+1.5bath, three (3) x 2bed+1.5bath, six (6) x 2bed+1bath, and four (4) x 1bed+1bath units. Each unit has through the wall A/C, radiant heating, plenty of linen cabinets, ceiling fans, dining area, and so much more. Recent capital improvements including New electrical subpanels in each unit. The property has a total of 21 parking spaces (18 covered + 2 open + 1 tandem). There is no parking soft story retrofit requirement in Alhambra. Each unit is separately metered for electricity (all electric units). There is a shared laundry room (laundry leased) and 2 master gas water heaters. The property has 1 gas meter for the laundry and water heaters. The property is strategically located in the north Alhambra area, considered to be one of the best locations in Alhambra. This area is adjacent to the City of South Pasadena and City of San Marino.

411 N Chapel, Alhambra

$2,675,000

SB26212492 MLS ⋅ Active Status

Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years.. Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential. A rare combination of pride of ownership, income potential, and location—this is an asset worth taking a closer look at. IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

326 N Stoneman, Alhambra

$2,680,000

AR26209200 MLS ⋅ Active Status

Prime Alhambra 6-unit investment opportunity! Ideally located just half a block from the vibrant Valley Blvd. and Garfield Ave. Corridor, this well-maintained multifamily property offers an excellent combination of location, condition, and long-term investment potential. Most units have been extensively remodeled, with additional improvements including a roof replaced in 2018 and newer central A/C systems. The property is currently fully occupied with long-term tenants and consistent rental performance. Residents enjoy convenient access to restaurants, shopping, banking, public transportation, and nearby schools. Easy freeway access connects the property to Downtown Los Angeles, USC Health Sciences Campus, Cal State LA, and major employment centers. A rare opportunity to acquire a 6-unit property in a convenient and highly sought-after Alhambra location.

1512 S 3rd Street, Alhambra

$1,450,000

CV26192417 MLS ⋅ Active Status

Constructed in 1951, the property sits on a ±6,250 square-foot lot with a total building size of ±3,125 square feet. Positioned at the intersection of South Bushnell Avenue in central Alhambra, the property benefits from immediate proximity to Valley Boulevard and Fremont Avenue, two of the area's primary retail corridors. The location offers exceptional connectivity, with convenient access to the 10 and 710 Freeways, and is minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park, San Gabriel, and Temple City. The property features an ideal unit mix of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, averaging 781 square feet per unit. Each residence has been thoughtfully updated and features renovated interiors with fully equipped kitchens, updated cabinetry, tile flooring, recessed lighting, upgraded bathroom sinks and showers, split air conditioning units, laminate wood flooring, and vertical blinds. On-site covered parking is available for all residents with ample street parking. The property presents a well-maintained exterior with newer exterior paint and mature, lush landscaping throughout. 221 S Bushnell Avenue is a well-maintained, income-producing fourplex located in one of the San Gabriel Valley's most desirable residential submarkets.

221 S Bushnell Avenue, Alhambra

$2,595,000

WS26181317 MLS ⋅ Active Status

Five units well maintained apartment complex located in super convenient location in the City of Alhambra. Close to Alhambra Shopping Plaza, Main Street, Costco, City Hall, schools, markets, restaurants etc. Easy access to Freeway 10 and Freeway 101. Front unit is four bedrooms, two and half baths, 1498 SF according to appraiser with two car garage. One unit is two bedrooms, two and half baths, 1147 SF according to appraiser. Other three units are two bedrooms and two baths, 1020 SF, 950 SF and 886 SF according to appraiser. The building is separately metered for electricity and gas. Majority of the tenants are long term residents, room to increase rent. Alhambra city does not have local city rent control ordinance. Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedrooms/bathrooms count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

241 S Curtis Avenue, Alhambra

$2,045,000

WS26181147 MLS ⋅ Active Status

Five units well maintained apartment complex located in prime area of North Alhambra. Walking distance to many restaurants, stores. Neighborhood markets include 99 Ranch Market, Sprouts Farmers market and Alhambra Farmers Market. Located in extremely strong rental market of West San Gabriel Valley. Front unit is like a SFR, three bedrooms, two baths with 1652 SF. Back building is two one bedroom, one bath and two studios. Majority of the tenants are long term residents, room to increase to increase rent. Alhambra city does not have local city rent control ordinance. Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

320 N Stoneman Avenue, Alhambra

$2,275,000

PW26132504 MLS ⋅ Active Status

Exceptional investment opportunity to own a fully updated five-unit income property with multiple value-add features and excellent cash-flow potential. In addition to the five residential units, the property includes a community laundry room providing additional income and a bonus studio with its own bathroom, currently used as storage but offering flexibility for a variety of uses. The unit mix consists of two spacious 3-bedroom, 2-bathroom units, each featuring a primary suite with its own private bathroom and walk-in closet, along with generously sized secondary bedrooms. A third unit offers 2 bedrooms plus a den that can easily serve as a third bedroom, along with one full bathroom. The remaining two units each feature 1 bedroom and 1 bathroom. All units have been tastefully updated and offer private laundry hookups, vinyl flooring, abundant natural light, granite countertops, remodeled kitchens and bathrooms, and individual wall heating and cooling units. The property also features a gated entrance and a total of nine parking spaces, providing convenience and privacy for residents. Centrally located near public transportation, parks, shopping centers, schools, and major freeways, this prime location offers easy access to Pasadena, San Marino, and Downtown Los Angeles. Whether you are a seasoned investor or looking to expand your portfolio, this turnkey property presents an outstanding opportunity to own a well-maintained asset in a highly desirable and convenient location with strong income potential.

333 N Chapel Avenue, Alhambra

$2,500,000

AR26030880 MLS ⋅ Active Status

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.

1515 W Commonwealth Avenue, Alhambra

$1,799,000

CV25241240 MLS ⋅ Active Under Contract Status

Prime 5-Unit Investment Opportunity | Alhambra, CA **Exceptional Income Property with Long-Term Upside** Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential. Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors. The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including: Four 2-bedroom, 2-bath units One 1-bedroom, 1-bath unit All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent. Additional highlights include: Leased on-site laundry room providing some supplemental income Strong, established rental market Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles Excellent commuter location with nearby public transportation Pro forma rental projections reflecting market rates at the time of listing Potential for additional development or expansion (buyer to verify with the City of Alhambra) Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential. Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.

1342 Edgewood, Alhambra

$2,980,000

AR25183409 MLS ⋅ Active Under Contract Status

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.

2121 El Paseo, Alhambra

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.