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Westmont 1607-1609 Westmont Dr 2 Unit Apartment Building $1,388,000 ($694,000/Unit) 6.31% Cap Rate Alhambra, CA 91803
Investment Highlights
- Rare new construction in Alhambra
- Fully remodeled
- Close to metro lines
Executive Summary
2 homes on a lot - 1607-1609 Westmont Drive Alhambra: Brand New 2026 Construction 3 bed 2 bath with attached 2 car Garage Front House + Remodeled 2 bed 2 bath 1949 Back House This exceptional dual-living property offers the perfect blend of new construction and classic charm on a single lot. Featuring a brand-new 2026-built 3-bedroom, 2-bath front house (1,199 SF) and a fully remodeled 1949-built 2-bedroom, 2-bath back house (837 SF) with a massive 1,000 SF finished game room/basement. The new 2026 front home showcases modern design, high-quality finishes, an open-concept layout, and a 2-car attached garage. It comes equipped with a fully paid-off solar system, providing excellent energy savings and efficiency from day one. The remodeled back house (original 1949 construction) has been completely updated and offers comfortable living space plus an expansive finished basement — perfect for a home theater, game room, gym, office, or additional living area. Combined, the two homes deliver over 2,000 SF of living space plus bonus area, making this an ideal setup for multi-generational families, extended living, or income-generating potential.
Please contact Justin Chu 6263213211 with any questions.
Please contact Justin Chu 6263213211 with any questions.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$53.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,240
|
$1.59
|
| Effective Gross Income |
$104,760
|
$51.45
|
| Taxes |
$15,268
|
$7.50
|
| Operating Expenses |
$1,913
|
$0.94
|
| Total Expenses |
$17,181
|
$8.44
|
| Net Operating Income |
$87,579
|
$43.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $53.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,240 |
| Annual Per SF | $1.59 |
| Effective Gross Income | |
|---|---|
| Annual | $104,760 |
| Annual Per SF | $51.45 |
| Taxes | |
|---|---|
| Annual | $15,268 |
| Annual Per SF | $7.50 |
| Operating Expenses | |
|---|---|
| Annual | $1,913 |
| Annual Per SF | $0.94 |
| Total Expenses | |
|---|---|
| Annual | $17,181 |
| Annual Per SF | $8.44 |
| Net Operating Income | |
|---|---|
| Annual | $87,579 |
| Annual Per SF | $43.02 |
Property Facts
Amenities
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $5,500 | 1,199 |
| 2+2 | 1 | $3,500 | 837 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5351-017-036 | Total Assessment | $603,431 (2025) |
| Land Assessment | $482,745 (2025) | Annual Taxes | $15,268 ($7.50/SF) |
| Improvements Assessment | $120,686 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
5351-017-036
Land Assessment
$482,745 (2025)
Improvements Assessment
$120,686 (2025)
Total Assessment
$603,431 (2025)
Annual Taxes
$15,268 ($7.50/SF)
Tax Year
2026 Payable 2026
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