This property is officially SOLD! This was an excellent 5-unit investment opportunity in Alhambra, representing Closing #3 of 4 transactions for the same family as part of a 49-unit portfolio spanning Silver Lake, Montebello, and San Gabriel. The property generated 10 competitive offers, ultimately securing a winning non-contingent offer from an experienced repeat investor, ensuring a smooth and certain closing. Built in 1977, the property stands out from surrounding older rental stock and features a highly desirable unit mix of (1) 3 Bed + 2 Bath, (3) 2 Bed + 1 Bath, and (1) 1 Bed + 1 Bath townhome-style units. Located in a prime San Gabriel Valley neighborhood adjacent to San Marino, the property offers strong tenant demand, an 87 Walk Score with convenient access to shops and restaurants along Las Tunas Dr and San Gabriel Blvd, and approximately 40% rental upside through future improvements and rent growth. The asset also benefits from a favorable regulatory environment, being subject only to AB 1482 and not local rent control, providing investors with operational flexibility in one of the region’s most desirable rental markets.

Transaction Highlights

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Investment Highlights

• First Time Offered For Sale in Over 41 Years: Rare long-term ownership opportunity in a highly sought-after San Gabriel Valley submarket
• Pride-of-Ownership 5-Unit Apartment Building: Well-maintained asset located in one of Alhambra’s most desirable residential pockets
• Newer Construction Built in 1977: More modern vintage compared to surrounding rental stock, offering efficient layouts, and long-term operational stability
• Excellent, Highly Desirable Unit Mix: Spacious (1) 3 Bedroom Two-Story Townhome, (3) 2 Bedroom Two-Story Townhomes, and (1) Single Level 1 Bedroom Unit floor plans catering to broad renter demand; select units feature multiple bathrooms
• Oversized Units | ±6,000 SF Total Building Area: Floor plans substantially larger than typical area rentals
• Favorable Rent Control Profile: Subject only to statewide AB 1482; not impacted by any local rent control ordinances
• Strong Market Fundamentals: Located in a stable, high-demand rental market with a strong employment base, solid demographics, and consistently low vacancy rates