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3111 W Ramona Rd 13 Unit Apartment Building $5,121,651 CAD ($393,973 CAD/Unit) 4.51% Cap Rate Alhambra, CA 91803
Investment Highlights
- Long-term ownership since 1974 in desirable Alhambra Hills / Midwick Park Location
- 11 carports with ample surrounding street parking; on-site storage lockers
- All double-pane windows
- New electrical panels installed; new roof completed in 2021
- Partial copper plumbing upgrades
- Adjacent to Cal State LA and minutes to Downtown Alhambra dining and retail
Executive Summary
Owned since the 70s, this well-maintained 13-unit apartment property is located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,121,651 CAD | Apartment Style | Garden |
| Price Per Unit | $393,973 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.51% | Building Size | 11,778 SF |
| Gross Rent Multiplier | 12.89 | Average Occupancy | 97% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Zoning | ALRPD* | ||
| Price | $5,121,651 CAD |
| Price Per Unit | $393,973 CAD |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Gross Rent Multiplier | 12.89 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,778 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | ALRPD* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $10,690 CAD | 825 |
| 2+1 | 4 | $7,012 CAD | 940 |
| 2+1.5 | 1 | $2,900 CAD | 940 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 5352-013-007 | Total Assessment | $978,696 CAD |
| Land Assessment | $306,974 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $671,723 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5352-013-007
Land Assessment
$306,974 CAD
Improvements Assessment
$671,723 CAD
Total Assessment
$978,696 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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3111 W Ramona Rd
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