About this home

RIA and Compass are pleased to offer for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 - 3Bed+1.5bath, 4 - 2Bed+1.5bath, 8 - 2Bed+1bath, 2 - 1Bed+1bath units and studio appealing to long-term tenants and supporting strong, stable occupancy. The classic courtyard design creates a welcoming, community-oriented feel with a fountain water feature and strong curb appeal. Solid in place rents offer an investor nearly a 5% cap on a well-maintained property. A major highlight of the property is the 37 on-site parking spaces and an enclosed 2-car garage that can used for storage or parking. Seismic retrofitting of the tuck under soft-story parking has been completed. The ample parking, combined with the efficient layout and strong unit mix, positions this asset as a compelling long-term hold or value-add investment. On-site laundry room and the community courtyard vibe add to the appeal for the residents.There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. Situated in a sought-after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. This is a rare opportunity to acquire a well-sized, professionally appealing multifamily asset in one of the San Gabriel Valley's most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.

Facts and features

Schools

• Ramona Elementary School

  elementary · K-8 · 0.5 mi

  10

• Alhambra High School

  high · 9-12 · 0.9 mi

  8

• Foothill Preparatory School

  high · 9-12 · 0.6 mi

• William Northrup Elementary School

  elementary · K-8 · 0.4 mi

  8

• Marguerita Elementary School

  elementary · K-8 · 0.5 mi

  8

• First Presbyterian School

  high · 9-12 · 0.6 mi

Price history

• Oct 12, 2026 · Relisted$5,780,000
• Sep 2, 2026 · Listing Removed—
• Aug 30, 2026 · Relisted$6,000,000
• Aug 1, 2026 · Listing Removed—
• Feb 8, 2026 · Listed$6,000,000

Tax history

• 2025$18,639 tax · $1,059,300 assessed
• 2024$18,036 tax · $1,038,531 assessed
• 2023$18,681 tax · $998,206 assessed
• 2022$18,057 tax · $978,634 assessed
• 2021$17,800 tax · $959,446 assessed
• 2020$17,721 tax · $949,609 assessed
• 2019$17,334 tax · $930,990 assessed
• 2018$16,889 tax · $912,736 assessed

Where it is