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1515 W Commonwealth Ave 8 Unit Apartment Building $3,439,550 CAD ($429,944 CAD/Unit) 5.56% Cap Rate Alhambra, CA 91803
Investment Highlights
- Walking distance to Alhambra Costco Wholesale (0.5 miles away).
- Four (4) units can be delivered vacant.
- Parking on Bushnell Ave and Commonwealth Ave.
Executive Summary
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959 (67 years), 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.
FULL MARKETING PDF LINK (INCLUDING FINANCIALS AND RENT ROLL):
https://www.donaldlarealty.com/commercial/properties/1515-w-commonwealth-ave-alhambra-ca-91803/
FULL MARKETING PDF LINK (INCLUDING FINANCIALS AND RENT ROLL):
https://www.donaldlarealty.com/commercial/properties/1515-w-commonwealth-ave-alhambra-ca-91803/
Property Facts
| Price | $3,439,550 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $429,944 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.56% | Building Size | 6,392 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | RPD | ||
| Price | $3,439,550 CAD |
| Price Per Unit | $429,944 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,392 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RPD |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Den
- Family Room
Site Amenities
- 24 Hour Access
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5343-006-001 | Improvements Assessment | $200,659 CAD |
| Land Assessment | $60,330 CAD | Total Assessment | $260,989 CAD |
Property Taxes
Parcel Number
5343-006-001
Land Assessment
$60,330 CAD
Improvements Assessment
$200,659 CAD
Total Assessment
$260,989 CAD
Contact
-
Donald La -
ATLAS GROUP - EXP REALTY
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1515 W Commonwealth Ave
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