Alhambra (601) Homes with Multi Family Subtype

Welcome to Alhambra, California – a vibrant community nestled in the heart of Los Angeles County. Known for its rich cultural heritage and diverse neighborhoods, Alhambra offers a unique blend of suburban charm and urban convenience. With its close proximity to downtown Los Angeles, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, all while relishing the warmth of a tight-knit community.

One of the standout features of Alhambra is its diverse real estate market, particularly in the realm of multi-family homes. These properties are ideal for those looking to invest in a growing area or for families seeking extra space. Multi-family homes in Alhambra provide a fantastic opportunity for both homeowners and investors alike. With a variety of configurations, from duplexes to larger apartment buildings, these homes cater to a range of needs and lifestyles.

The charm of Alhambra extends beyond its homes; the region is dotted with beautiful parks, top-rated schools, and a lively arts scene. Whether you're strolling through the bustling Main Street, exploring local farmers' markets, or enjoying a weekend at the historic Alhambra Theatre, there's always something to do.

Investing in a multi-family home in Alhambra not only offers the potential for rental income but also places you in a community that values connection and growth. With a steady demand for housing and an inviting atmosphere, Alhambra is truly a gem in Los Angeles County. Come discover the possibilities that await you in this enchanting city!

Newest Alhambra (601) Homes with Multi Family Subtype

$6,425,000

CV26166315 MLS ⋅ Active Status ⋅ Burke Apartments BLDG.

36-Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via Lease-Up and Expense Normalization. The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity. In 2025, the Property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%. As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom ( allow the buyer to choose). Property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space. On-site laundry facilities provided, machines provided by WASH. WASH maintains the machines and pays the owner a percentage of the monthly revenue. 3 washing machines, 3 dryers are on the property.

30 N FIRST STREET, Alhambra

$2,100,000

OC26007472 MLS ⋅ Active Status

Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.

201 N Atlantic Boulevard, 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.