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1342 Edgewood Dr 5 Unit Apartment Building $1,799,000 ($359,800/Unit) 3.34% Cap Rate Alhambra, CA 91803
Investment Highlights
- Covered Parking
- High Demand Area
- Laundry Room
Executive Summary
Prime 5-Unit Investment Opportunity in the Heart of Alhambra. 4 units are 2 bed/2ba and one unit is 1 bed/1 bath. An exceptional opportunity for the savvy investor this 5-unit income property is ideally located north of the 10 freeway in one of Alhambras most desirable and stable rental markets.Positioned in a high-demand neighborhood, the complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. Positioned in a fabulous neighborhood and seton a 6,615 sq. ft. lot, this property offers 4,422 sq. ft. of total living space with 9 bedrooms and 9 bathrooms across five units. Each unit enjoys on-site parking space, a valuable amenity for tenants in this area. The property also features an **on-site laundry room** with owner-operated machines, providing additional income potential and tenant convenience. With consistent rental demand, a prime commuter location, and solid fundamentals, this Alhambra
property presents a rare opportunity to acquire a turnkey asset with long-term upside.
property presents a rare opportunity to acquire a turnkey asset with long-term upside.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,000
|
$17.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,000
|
$17.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,920
|
$4.05
|
| Net Operating Income |
$60,080
|
$13.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $17.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $17.64 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,920 |
| Annual Per SF | $4.05 |
| Net Operating Income | |
|---|---|
| Annual | $60,080 |
| Annual Per SF | $13.59 |
Property Facts
| Price | $1,799,000 | Building Class | C |
| Price Per Unit | $359,800 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,422 SF |
| Cap Rate | 3.34% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.04/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | ALRPD* - Residential Planned Development | ||
| Price | $1,799,000 |
| Price Per Unit | $359,800 |
| Sale Type | Investment |
| Cap Rate | 3.34% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,422 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | ALRPD* - Residential Planned Development |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5355-004-011 | Improvements Assessment | $1,164,144 |
| Land Assessment | $498,767 | Total Assessment | $1,662,911 |
Property Taxes
Parcel Number
5355-004-011
Land Assessment
$498,767
Improvements Assessment
$1,164,144
Total Assessment
$1,662,911
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Contact the Sale Advisor
1342 Edgewood Dr