Log In/Sign Up
Your email has been sent.
920 N 1st 16 Unit Apartment Building $4,800,000 ($300,000/Unit) 5.06% Cap Rate Alhambra, CA 91801
Investment Highlights
- Highly Desirable Alhambra Location
- Walking Distance to South Pasadena
- Turn-Key Property: Rents at Market Level
- Subject to State (AB 1482) Rent Control
- Offered at a 5.06% CAP Rate
Executive Summary
920 N. 1st Street is a 16-unit apartment complex in the highly sought after city of Alhambra. The property boasts a unit mix of ten (10) one-bedroom units and six (6) two-bedroom units. Each unit is separately metered for gas and electricity. The renovated units include laminate wood flooring, granite countertops and stainless-steel appliances. Offered at a 5.06% CAP rate, a new owner has the ability to add a property to the portfolio with rents close to market in a submarket that sees very little turnover.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$382,884
|
$35.09
|
| Other Income |
$4,824
|
$0.44
|
| Vacancy Loss |
$3,829
|
$0.35
|
| Effective Gross Income |
$383,879
|
$35.18
|
| Taxes |
$60,000
|
$5.50
|
| Operating Expenses |
$76,177
|
$6.98
|
| Total Expenses |
$136,177
|
$12.48
|
| Net Operating Income |
$247,702
|
$22.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $382,884 |
| Annual Per SF | $35.09 |
| Other Income | |
|---|---|
| Annual | $4,824 |
| Annual Per SF | $0.44 |
| Vacancy Loss | |
|---|---|
| Annual | $3,829 |
| Annual Per SF | $0.35 |
| Effective Gross Income | |
|---|---|
| Annual | $383,879 |
| Annual Per SF | $35.18 |
| Taxes | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $5.50 |
| Operating Expenses | |
|---|---|
| Annual | $76,177 |
| Annual Per SF | $6.98 |
| Total Expenses | |
|---|---|
| Annual | $136,177 |
| Annual Per SF | $12.48 |
| Net Operating Income | |
|---|---|
| Annual | $247,702 |
| Annual Per SF | $22.70 |
Property Facts
| Price | $4,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.06% | Building Size | 10,911 SF |
| Gross Rent Multiplier | 12.54 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Zoning | RM | ||
| Price | $4,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 12.54 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 10,911 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,830 | 500 |
| 2+1 | 6 | $2,268 | 700 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5321-020-021 | Total Assessment | $4,616,802 |
| Land Assessment | $3,009,208 | Annual Taxes | $60,000 ($5.50/SF) |
| Improvements Assessment | $1,607,594 | Tax Year | 2025 |
Property Taxes
Parcel Number
5321-020-021
Land Assessment
$3,009,208
Improvements Assessment
$1,607,594
Total Assessment
$4,616,802
Annual Taxes
$60,000 ($5.50/SF)
Tax Year
2025
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
