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920 N 1st 16 Unit Apartment Building $6,645,888 CAD ($415,368 CAD/Unit) 5.06% Cap Rate Alhambra, CA 91801
Investment Highlights
- Highly Desirable Alhambra Location
- Walking Distance to South Pasadena
- Turn-Key Property: Rents at Market Level
- Subject to State (AB 1482) Rent Control
- Offered at a 5.06% CAP Rate
Executive Summary
920 N. 1st Street is a 16-unit apartment complex in the highly sought after city of Alhambra. The property boasts a unit mix of ten (10) one-bedroom units and six (6) two-bedroom units. Each unit is separately metered for gas and electricity. The renovated units include laminate wood flooring, granite countertops and stainless-steel appliances. Offered at a 5.06% CAP rate, a new owner has the ability to add a property to the portfolio with rents close to market in a submarket that sees very little turnover.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$527,974
|
$48.39
|
| Other Income |
$6,652
|
$0.61
|
| Vacancy Loss |
$5,280
|
$0.48
|
| Effective Gross Income |
$529,346
|
$48.51
|
| Taxes |
$82,736
|
$7.58
|
| Operating Expenses |
$105,044
|
$9.63
|
| Total Expenses |
$187,780
|
$17.21
|
| Net Operating Income |
$341,566
|
$31.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $527,974 |
| Annual Per SF | $48.39 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,652 |
| Annual Per SF | $0.61 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,280 |
| Annual Per SF | $0.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $529,346 |
| Annual Per SF | $48.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $82,736 |
| Annual Per SF | $7.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $105,044 |
| Annual Per SF | $9.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $187,780 |
| Annual Per SF | $17.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $341,566 |
| Annual Per SF | $31.30 |
Property Facts
| Price | $6,645,888 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $415,368 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.06% | Building Size | 10,911 SF |
| Gross Rent Multiplier | 12.54 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Zoning | RM | ||
| Price | $6,645,888 CAD |
| Price Per Unit | $415,368 CAD |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 12.54 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 10,911 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,534 CAD | 500 |
| 2+1 | 6 | $3,140 CAD | 700 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5321-020-021 | Total Assessment | $6,520,083 CAD (2026) |
| Land Assessment | $4,249,757 CAD (2026) | Annual Taxes | $82,736 CAD ($7.58 CAD/SF) |
| Improvements Assessment | $2,270,325 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
5321-020-021
Land Assessment
$4,249,757 CAD (2026)
Improvements Assessment
$2,270,325 CAD (2026)
Total Assessment
$6,520,083 CAD (2026)
Annual Taxes
$82,736 CAD ($7.58 CAD/SF)
Tax Year
2025
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920 N 1st
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