Coming soon
$2,500,000
14 bd · 8 ba · · 7,170 sqft lot
1515 W Commonwealth Ave, Alhambra, CA 91803
Multi-family · Built 1951 ·
$15,311/mo est. payment
- Garage
- 7 cars
- Stories
- 2
Flood factor 1/10
About this home
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
Facts and features
Bedrooms
- Bedrooms: 14
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Appliances
- Laundry Features: Individual Room
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: 0-1 Unit/Acre
- Lot Size Acres: 0.1646
- Lot Size Source: Assessor
- Lot Size Square Feet: 7168
Garage and Parking
- Garage Spaces: 7
- Parking Total: 8
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 8
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
Rental Info
- Gross Income: 180600
- Gross Scheduled Income: 180600
- Rent Control: Yes
Amenities and Community Features
- Community Features: Urban
Schools
- 8
William Northrup Elementary School
elementary · K-8 · 0.3 mi
- 8
Alhambra High School
high · 9-12 · 0.8 mi
ALL SOULS CATHOLIC SCHOOL
elementary · K-8 · 0.2 mi
All Souls Elementary School
elementary · K-8 · 0.2 mi
Independence High (Alternative) School
high · 9-12 · 0.2 mi
Foothill Preparatory School
high · 9-12 · 0.3 mi
Price history
- Mar 20, 2026 · Price Changed$2,500,000
- Feb 11, 2026 · Listed$2,690,000
- Jul 2, 2025 · Listing Removed—
- May 2, 2025 · Price Changed$2,750,000
- Jan 6, 2025 · Listed$2,875,000
Tax history
- 2025$4,805 tax · $193,490 assessed
- 2024$4,642 tax · $189,697 assessed
- 2023$4,952 tax · $182,334 assessed
- 2022$4,833 tax · $178,760 assessed
- 2021$4,764 tax · $175,256 assessed
- 2020$4,747 tax · $173,460 assessed
- 2019$4,668 tax · $170,060 assessed
- 2018$4,563 tax · $166,727 assessed
Where it is
Listed by Donald La · EXP REALTY · CRMLS
