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Burke Apartments 6 Multifamily Properties Offered at $7,250,000 in Alhambra, CA
Investment Highlights
- Recent upgrades, including roof repairs, parking lot resurfacing, and interior renovations.
- Immediate access to Downtown Alhambra’s retail and dining.
- Convenient connectivity to Downtown Los Angeles, Pasadena, and major employment hubs via the I-10 and I-710 freeways.
- 36 Units
Executive Summary
The asset benefits from recent upgrades, including roof repairs, parking lot resurfacing, and interior renovations, reducing near-term capital expenditure requirements and enhancing long-term operational efficiency.
Located along N 1st Street, the property offers immediate access to Downtown Alhambra’s retail and dining corridor, as well as convenient connectivity to Downtown Los Angeles, Pasadena, and major employment hubs via the I-10 and I-710 freeways. The surrounding area is supported by a diverse employment base, including healthcare institutions, universities, and regional employers, ensuring long-term stability in demand.
This opportunity offers investors a rare combination of in-place cash flow, demonstrated operational upside, and long-term rent growth potential in a highly desirable infill Southern California location.
Located along N 1st Street, the property offers immediate access to Downtown Alhambra’s retail and dining corridor, as well as convenient connectivity to Downtown Los Angeles, Pasadena, and major employment hubs via the I-10 and I-710 freeways. The surrounding area is supported by a diverse employment base, including healthcare institutions, universities, and regional employers, ensuring long-term stability in demand.
This opportunity offers investors a rare combination of in-place cash flow, demonstrated operational upside, and long-term rent growth potential in a highly desirable infill Southern California location.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$644,388
|
| Other Income |
$2,075
|
| Vacancy Loss |
$32,219
|
| Effective Gross Income |
$614,244
|
| Taxes |
$90,625
|
| Operating Expenses |
$160,335
|
| Total Expenses |
$250,960
|
| Net Operating Income |
$363,284
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $644,388 |
| Other Income | |
|---|---|
| Annual | $2,075 |
| Vacancy Loss | |
|---|---|
| Annual | $32,219 |
| Effective Gross Income | |
|---|---|
| Annual | $614,244 |
| Taxes | |
|---|---|
| Annual | $90,625 |
| Operating Expenses | |
|---|---|
| Annual | $160,335 |
| Total Expenses | |
|---|---|
| Annual | $250,960 |
| Net Operating Income | |
|---|---|
| Annual | $363,284 |
Property Facts
| Price | $7,250,000 | Number of Properties | 6 |
| Price / SF | $557.82 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 12,997 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | $7,250,000 |
| Price / SF | $557.82 / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 12,997 SF |
| Total Land Area | 0.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 100 N 1st St, Alhambra, CA 91801 | Multifamily | 3,423 SF | 1956 | - |
| 34 N 1st St, Alhambra, CA 91801 | Multifamily | 3,332 SF | 1956 | - |
| 30 N 1st St, Alhambra, CA 91801 | Multifamily | 3,332 SF | 1955 | - |
| 32 N 1st St, Alhambra, CA 91801 | Multifamily | 1,044 SF | 1956 | - |
| 36 N 1st St, Alhambra, CA 91801 | Multifamily | 1,044 SF | 1956 | - |
| 102 N 1st St, Alhambra, CA 91801 | Multifamily | 822 SF | 1956 | - |
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