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Multifamily

1505 West Commonwealth

1505 W Commonwealth Ave, Alhambra, CA 91803

Listing Price: $1,300,000

Cap Rate
2.65%
Number of Units
3
Price/Unit
$433,333
Price/Gross SF
$551.31
Gross SF
2,358

Investment Overview

Marcus & Millichap is pleased to present for sale a triplex in the heart of Alhambra with a short commute time to the retail hub of San Gabriel Valley, as well as Main Street. Built-in 1953, the subject property is ideally located in the high-profile submarket of San Gabriel Valley, California. The area boasts high-end demographics, dense immediate population, high barriers to entry, and strong market fundamentals. The unit mix consists of a single two bed one bath unit as well as two - one bed one bath units. The unit mix is ideal given the location of nearby schools. Alhambra boasts one of the highest-rated high schools in California with a 91.5/100 according to U.S News. This site is conveniently located only three minutes away from Costco, Target, and Main Street Alhambra. It is only three to five minutes away from other major retailers and grocers such as 99 Ranch Market, Aldi, Sprouts, and Albertsons. Alhambra is one of the top cities in Los Angeles for young professionals, students, and families due to its high quality of life and ease of access to major retail hubs, freeways, and its excellent school district. Due to its size and location, it boasts well for a potential stable investment. Owner-Users have a rare opportunity here to have a live-in unit, with the majority of expenses covered by the two additional tenants, which creates minimal management. This site offers both owner-user and investment potential, in a thriving neighborhood full of retail giants and colorful nightlife.

Investment Highlights

  • Prime Transit Location: Triplex with a Walk Score of 77, "Very Walkable." Three to Five 5 Minute Drive to Costco, Target, and Other Major Retail Tenants in the Alhambra Old Town Area.
  • Individual Parking Garages: Each Unit has its Own Parking Garage
  • Easy of Management: Attractive Unit Size, with a Unit Mix of One - Two Bedroom + One Bathroom and Two - One Bedroom + One Bathroom
  • Upside Potential: Current Rents are Below Market with Significant Upside Potential
  • Owner-User potential: Potential Rare Owner-User Opportunity with Rents Covering Major Expenses of the Property in a High Barrier to Entry Market.
  • Excellent School District: Property is Located within the Alhambra School District. Alhambra High School has an Overall Score of 91.59/100 on U.S. News. It is a Five Minute Walk to the Local Northrup Elementary School. Northrup Elementary School is One of the Best Elementary Schools in the Area with More than 60 Percent of Students Testing Above Average.

Exclusively Listed By

Financing By

Multifamily

1505 West Commonwealth

Listing Price: $1,300,000

Cap Rate
2.65%
Number of Units
3
Price/Unit
$433,333
Price/Gross SF
$551.31
Gross SF
2,358

Investment Highlights

  • Prime Transit Location: Triplex with a Walk Score of 77, "Very Walkable." Three to Five 5 Minute Drive to Costco, Target, and Other Major Retail Tenants in the Alhambra Old Town Area.
  • Individual Parking Garages: Each Unit has its Own Parking Garage
  • Easy of Management: Attractive Unit Size, with a Unit Mix of One - Two Bedroom + One Bathroom and Two - One Bedroom + One Bathroom
  • Upside Potential: Current Rents are Below Market with Significant Upside Potential
  • Owner-User potential: Potential Rare Owner-User Opportunity with Rents Covering Major Expenses of the Property in a High Barrier to Entry Market.
  • Excellent School District: Property is Located within the Alhambra School District. Alhambra High School has an Overall Score of 91.59/100 on U.S. News. It is a Five Minute Walk to the Local Northrup Elementary School. Northrup Elementary School is One of the Best Elementary Schools in the Area with More than 60 Percent of Students Testing Above Average.

Investment Overview

Marcus & Millichap is pleased to present for sale a triplex in the heart of Alhambra with a short commute time to the retail hub of San Gabriel Valley, as well as Main Street. Built-in 1953, the subject property is ideally located in the high-profile submarket of San Gabriel Valley, California. The area boasts high-end demographics, dense immediate population, high barriers to entry, and strong market fundamentals. The unit mix consists of a single two bed one bath unit as well as two - one bed one bath units. The unit mix is ideal given the location of nearby schools. Alhambra boasts one of the highest-rated high schools in California with a 91.5/100 according to U.S News. This site is conveniently located only three minutes away from Costco, Target, and Main Street Alhambra. It is only three to five minutes away from other major retailers and grocers such as 99 Ranch Market, Aldi, Sprouts, and Albertsons. Alhambra is one of the top cities in Los Angeles for young professionals, students, and families due to its high quality of life and ease of access to major retail hubs, freeways, and its excellent school district. Due to its size and location, it boasts well for a potential stable investment. Owner-Users have a rare opportunity here to have a live-in unit, with the majority of expenses covered by the two additional tenants, which creates minimal management. This site offers both owner-user and investment potential, in a thriving neighborhood full of retail giants and colorful nightlife.

Exclusively Listed By

Financing By

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