30 FIRST STREET, Alhambra CA 91801 | $7,250,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type: Multi Family
  • Stories: 2
  • Year Built: 1956
  • MLS#: CV26077738
  • Community: 601 - Alhambra

Listing provided courtesy of Lisa Pimentel of CENTURY 21 CITRUS REALTY INC. Last updated 2026-04-14 08:31:44.000000. Listing information © 2025 SANDICOR.

36-Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via Lease-Up and Expense Normalization. The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity. In 2025, the Property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%. As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom ( allow the buyer to choose). Property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space. On-site laundry facilities provided, machines provided by WASH. WASH maintains the machines and pays the owner a percentage of the monthly revenue. 3 washing machines, 3 dryers are on the property.

More Details

2 Stories
Parking Spots: 26.50
Business Type: Multi-Tenant
Asset Class: Multi-Family
Heating: Wall Furnace

David Piper

Call or Text: 858-525-5007

DRE# 02021985