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1111 W Alhambra Rd 4 Unit Apartment Building Offered at $1,599,500 at a 6.37% Cap Rate Alhambra, CA 91801
INVESTMENT HIGHLIGHTS
- Two units will be offered vacant at COE
- Three (3) Car Garage and 3 Driveway Parking Spaces
- Located in North Alhambra - close to Downtown Alhambra and San Marino
- Unique Unit Mix - Three (3) 2 BR / 1 BATH & One (1) Unit 4 BR / 2 BATH
- Convenient access to 10, 210 and 710 freeways
- Extremely enticing cap rate with high rental upside
EXECUTIVE SUMMARY
FIRST TIME ON MARKET IN 26 YEARS! IRN Realty is proud to present this beautifully maintained 4-unit multifamily residence in prime North Alhambra. Located two blocks from San Marino, this multifamily asset spans across two (2) buildings, totaling 3,929 square feet on a 8,036 square foot lot. The unit mix consists of three 2 BR / 1 BA units and one 4 BR / 2 BA unit. Some units are equipped with in-unit laundry hookups. Ideal for an owner-occupant or an investor seeking high rental upside for the long term. The property is centrally located with extremely convenient access to the 10, 210 and 710 freeways.
Note: Cap Rate and GRM calculations are based off of current expenses and market rent for the two vacant units that will be available at Close of Escrow.
Note: Cap Rate and GRM calculations are based off of current expenses and market rent for the two vacant units that will be available at Close of Escrow.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,599,500 | No. Units | 4 |
| Price Per Unit | $399,875 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,929 SF |
| Cap Rate | 6.37% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1922/1999 |
| Gross Rent Multiplier | 13.73 | ||
| Zoning | ALRPD - Residential Low Density (RL) Zone. Buyer to verify. | ||
| Price | $1,599,500 |
| Price Per Unit | $399,875 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.73 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,929 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/1999 |
| Zoning | ALRPD - Residential Low Density (RL) Zone. Buyer to verify. |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 4+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
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1111 W Alhambra Rd
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