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2121 El Paseo 8 Unit Apartment Building $2,980,000 ($372,500/Unit) 4.35% Cap Rate Alhambra, CA 91803
Executive Summary
Rare find with high income potential, a unique opportunity to acquire the 8
unit apartment building located in Alhambra, CA. 2121 El Paseo is close to
key amenities including shopping, restaurants and coveted beaches, this
building will attract high-income tenants looking for a vibrant downtown
lifestyle. At present, this property, fully leased to tenants all current with
their leases, is in a unique position because of its outstanding location, its
potential for increased income, to be a significant & unique addition to one’s
real estate investment portfolio and/or a great 1031 Exchange.
unit apartment building located in Alhambra, CA. 2121 El Paseo is close to
key amenities including shopping, restaurants and coveted beaches, this
building will attract high-income tenants looking for a vibrant downtown
lifestyle. At present, this property, fully leased to tenants all current with
their leases, is in a unique position because of its outstanding location, its
potential for increased income, to be a significant & unique addition to one’s
real estate investment portfolio and/or a great 1031 Exchange.
Property Facts
| Price | $2,980,000 | Apartment Style | Low-Rise |
| Price Per Unit | $372,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.35% | Building Size | 7,389 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2025 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | RPD, Alhambra - Planned Development | ||
| Price | $2,980,000 |
| Price Per Unit | $372,500 |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,389 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2025 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RPD, Alhambra - Planned Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Heating
- Bay Window
- Oven
Site Amenities
- Renters Insurance Program
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5352-025-024 | Improvements Assessment | $1,125,417 |
| Land Assessment | $884,255 | Total Assessment | $2,009,672 |
Property Taxes
Parcel Number
5352-025-024
Land Assessment
$884,255
Improvements Assessment
$1,125,417
Total Assessment
$2,009,672
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Boulder Goup, Inc.
2121 El Paseo
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