1515 W Commonwealth Ave - Apartments FOR SALE


Alhambra, CA 91803
$2,875,000 USD
626-888-2995
1515 W Commonwealth Ave, Alhambra, CA for Sale
$2,875,000 USD
Apartments - FOR SALE
1/34
null | 3.85% Cap Rate

1515 W Commonwealth Ave
Alhambra, CA 91803


HIGHLIGHTS

  • Walking distance to Alhambra Costco Wholesale (0.5 miles away).
  • Parking on Bushnell Ave and Commonwealth Ave.
  • Four (4) units can be delivered vacant.

OVERVIEW

A rare opportunity in Alhambra, CA! This 8-unit apartment property, on the market for the first time 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 four 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/

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

8

PRICE/UNIT

$359,375

CAP RATE

3.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,168 SF

ZONING

RPD

APN/PARCEL ID

5343-006-001

ASK ABOUT THIS PROPERTY

Donald LaKW CommercialMore Info
626-888-2995

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Donald LaKW CommercialMore Info
626-888-2995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.