2445 Winthrop Dr 6 Unit Apartment Building $1,938,313 CAD ($323,052 CAD/Unit) 4.32% Cap Rate Alhambra, CA 91803

2445 Winthrop Drive presents a rare opportunity to acquire a fully occupied 6-unit apartment property located in the highly desirable west San Gabriel Valley submarket of Alhambra. Situated adjacent to Cal State LA and offering immediate access to the I-10 and I-710 Freeways, the property benefits from strong long-term rental demand, exceptional regional connectivity, and a proven history of stable occupancy.
Built in 1956, the property consists of approximately 3,600 square feet of improvements situated on a 6,536 square foot corner lot. The building features an efficient and desirable unit mix of six one-bedroom/one-bath units, each approximately 600 square feet, supported by on-site covered carport parking.
Currently 100% occupied, the property provides investors with stable in-place income while offering significant future revenue growth potential. Current average rents are below market, creating an estimated rental upside of approximately $31,680 annually as rents adjust over time. Five of the six units remain below market, with several occupied by long-term residents, providing a clear value-add opportunity without requiring extensive renovation or repositioning.
The property is strategically positioned less than one mile from Cal State LA, an educational and employment anchor serving more than 26,000 students, faculty, and staff. Nearby Downtown Alhambra offers a vibrant mix of restaurants, retail amenities, and neighborhood services, while convenient freeway access provides efficient connections throughout Los Angeles County, Pasadena, and the greater San Gabriel Valley.
Offered at $1,390,000 ($231,667 per unit), 2445 Winthrop Drive represents an opportunity to acquire a well-maintained, fully occupied multifamily asset in a supply-constrained infill market with durable tenant demand, strong fundamentals, and meaningful rental upside.