5-Unit Mixed-Use | 7.25% Cap | 100% Occupied 5501-5505 Alhambra Ave 5 Unit Apartment Building $945,000 ($189,000/Unit) 7.29% Cap Rate Los Angeles, CA 90032

We are pleased to present 5501–5505 Alhambra Avenue, a five-unit mixed-use investment property for sale in El Sereno, Los Angeles. The property is 100 percent occupied and offers a strong 7.25 percent cap rate, above the submarket average. The asset also provides additional value-add upside through rent growth, operational efficiencies, and future development potential. Located on two adjacent parcels on a prominent corner lot, the property includes four apartment units and one retail or office space, along with a bonus non-conforming studio unit. The buildings total approximately 3,240 square feet on a 7,905 square foot lot, positioned in one of Northeast Los Angeles’ most active rental and investment submarkets.
The unit mix includes two three-bedroom units, one two-bedroom unit, one standalone one-bedroom house, and a ground-floor retail or office suite. A studio-sized bonus unit of approximately 300 square feet provides additional income potential. All units are individually metered. The office space was fully renovated and leased earlier this year at market rate rents, demonstrating strong tenant demand and achievable rental levels in the El Sereno mixed-use investment market.
The site features a large paved and gated parking area accommodating approximately ten vehicles with double egress. The corner configuration provides excellent visibility and signage potential along Alhambra Avenue, a major Northeast Los Angeles commercial corridor. The main power panel has been upgraded, representing a major capital improvement. Mixed-use C2 zoning supports retail, multifamily, and redevelopment opportunities, making this an attractive value-add investment property in Los Angeles.
This El Sereno multifamily investment offers value-add potential through rent increases, operational efficiencies, and potential future development. Stabilized occupancy combined with rental upside positions the property for long-term income growth. Investors seeking mixed-use properties for sale in Los Angeles will benefit from the strong rental demand and limited inventory in Northeast Los Angeles.
The property sits just blocks north of California State University, Los Angeles, approximately 500 feet west of Alhambra, and minutes from South Pasadena, Highland Park, and Downtown Los Angeles. This location supports consistent tenant demand from students, medical employees, and local professionals. Nearby employment centers include USC Keck Medical Center, Kaiser Permanente, Cal State LA, the Alhambra Office Complex, and the Grifols Corporate center.
Retail amenities surround the property, including Target, Costco, Starbucks, LA Fitness, Home Depot, and the Alhambra Mall. The surrounding Northeast Los Angeles neighborhood continues to experience growth driven by new restaurants, cafés, creative businesses, and service providers. This growth supports long-term appreciation for multifamily and mixed-use investment properties in El Sereno.
The property offers convenient access to the 710, 10, 110, and 5 freeways, providing connectivity throughout Los Angeles County. The area features strong home values, tight rental inventory, and continued demand for apartment buildings for sale in Northeast Los Angeles.
This five-unit mixed-use investment property in El Sereno provides stabilized income, rental upside, and long-term appreciation potential in a high-demand Los Angeles submarket.