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221 N Bushnell Ave & 1620 Larch St 1620 Larch St 40 Unit Apartment Building $11,300,000 ($282,500/Unit) 4.85% Cap Rate Alhambra, CA 91801
Investment Highlights
- NO LOCAL RENT CONTROL
- A MARKET HEADING IN THE RIGHT DIRECTION
- A LOCATION THAT TENANTS CHOOSE AND STAY
- RARE SCALE AT AN ATTRACTIVE BASIS
- BUILT-IN UPSIDE, NO CAPITAL REQUIRED
Executive Summary
CBRE is pleased to exclusively present 221 N Bushnell Avenue & 1620 Larch Street, a rare opportunity to acquire a 40-unit, campus-format multifamily property in the heart of central Alhambra. Spanning four two-story, garden-style buildings on a contiguous 1.27-acre site, the property delivers the kind of established residential character and
operational scale that is rarely available in today’s San Gabriel Valley market.
operational scale that is rarely available in today’s San Gabriel Valley market.
Property Facts
| Price | $11,300,000 | Apartment Style | Garden |
| Price Per Unit | $282,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.28 AC |
| Cap Rate | 4.85% | Building Size | 38,425 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Zoning | Residential High Density | ||
| Price | $11,300,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.28 AC |
| Building Size | 38,425 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | Residential High Density |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $593,280 | |
| Land Assessment | $275,506 | Total Assessment | $868,786 |
Property Taxes
Parcel Numbers
Land Assessment
$275,506
Improvements Assessment
$593,280
Total Assessment
$868,786
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221 N Bushnell Ave & 1620 Larch St | 1620 Larch St
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