About this home

Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years.. Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential. A rare combination of pride of ownership, income potential, and location-this is an asset worth taking a closer look at. IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

Facts and features

Schools

• Garfield Elementary School

  elementary · K-8 · 0.3 mi

  8

• Alhambra High School

  high · 9-12 · 0.4 mi

  8

• Angel's Montessori Preschool

  elementary · 0.2 mi

• Childrens Montessori

  elementary · K · 0.4 mi

• Granada Elementary School

  elementary · K-8 · 0.7 mi

  6

• Saint Therese Carmelite School

  elementary · K-8 · 0.7 mi

Price history

• Sep 30, 2026 · Listed$2,675,000
• Jan 19, 1977 · Sold$272,500

Tax history

• 2025$10,441 tax · $653,770 assessed
• 2024$10,117 tax · $640,952 assessed
• 2023$10,320 tax · $616,065 assessed
• 2022$9,938 tax · $603,986 assessed
• 2021$9,807 tax · $592,144 assessed
• 2020$9,761 tax · $586,073 assessed
• 2019$9,530 tax · $574,582 assessed
• 2018$9,366 tax · $563,316 assessed

Where it is